AUTORITI Monetari Brunei Darussalam (AMBD) warned consumers seeking financial services to deal only with persons who are regulated or licensed by AMBD following recent reports of Bruneians falling prey to a foreign exchange investment scam in Malaysia.
In a statement issued yesterday, the central bank said persons choosing to participate in schemes not regulated by AMBD would not have protection under the regulatory framework administered by the financial regulator, particularly if operators were based overseas.
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