Did you know? Both Central Banks, MAS (Monetary Authority of Singapore) and BNM (Bank Negara Malaysia) each have published lists of entities / persons, which are:
'Neither authorised nor approved under the relevant laws and regulations administered by BNM' (Financial Consumer Alert, BNM)
- List of companies and websites
- List of entities issued with warnings for carrying on money services business without a licence under the Money Services Business Act 2011
'Unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS' (Investor Alert List, MAS)
It would be prudent to check out these lists when in doubt, or for any schemes or financial products you may chance upon that may sound too good to be true.
Were you previously aware of these lists? Vote away!
Above Information updated as at 19 June 2019
Disclaimer: Nothing in this article should be construed as, constitute, or form a recommendation, financial advice, or an offer from CrowdFund Talks. We are not to be held accountable for any losses on any investments made by readers. The content and materials made available are for informational purposes only.