Is that investment scheme legal ?

Dear Sir,

We refer to your email dated XX May 2017 on the above.

For your information, if the investment scheme clearly offers an investment opportunity by collecting deposits from the public and investors are promised investment returns within a certain period of time, whereby the original investment will be refunded, it maybe contravene Section 137 Financial Services Act 2013 (FSA). This investment activity is against the law and you are investing at your own risk. Please invest only with licensed financial institutions only.

An easy way to identify and verify whether or not a company is licensed by Bank Negara Malaysia (the Bank), you can refer to the licensed institutions list on our website by following this URL

http://www.bnm.gov.my/index.php?ch=relatedlink&pg=related_link&ac=269

If the company is NOT LISTED on our list on the website, it simply means that the company is NOT LICENSED NOR APPROVEDby the Bank to offer any financial services or products.

You may also cross check with Securities Commission's (SC), Suruhanjaya Syarikat Malaysia (SSM) and Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan (KPDNKK) on status of the company via their website :

1. http://www.sc.com.my

2. http://www.ssm.com.my

3. http://www.kpdnkk.gov.my

If you have any information pertaining to illegal deposit taking activities or illegal foreign currency dealings or a victim of such activities or scams you can send details of such information or complaint together with the documents to the Bank as follows:

LINK & Regional Offices

Bank Negara Malaysia

Jalan Dato' Onn

50480 Kuala Lumpur

Fax: 03-21741515
E-mail: bnmtelelink@bnm.gov.my

Please be guided accordingly.

For more information on financial fraud alert, please visit
http://www.bnm.gov.my/index.php?lang=en&ch=en_financialconsumeralert and http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm

For more information on banking, insurance, takaful please visit
http://www.bankinginfo.com.my & http://www.insuranceinfo.com.my

For more information on Agensi Kaunseling dan Pengurusan Kredit (AKPK), please visit

http://www.akpk.org.my

Thank you.

Vijayadurai
BNMTELELINK
Bank Negara Malaysia
No Tel : 1-300-88-5465
No Faks : 03-21741515
Emel: bnmtelelink@bnm.gov.my