Bank Negara Malaysia (Bank) would like to caution members of the public on the recent modus operandi by persons or companies conducting illegal money lending activities using fake money lending licences purportedly issued by the Bank.
These fraudsters aim to deceive the public to believe that they are licensed money lenders and to lure the public to make initial payments for various purposes related to the loan such as administrative expenses, stamp duty and legal fees.
These fraudulent activities are promoted through the website, social media, telephone calls, SMS, emails or other forms of communication.
Bank Negara Malaysia does not issue money lending licences. Money lending business is governed under the Moneylenders Act 1951 and administered by the Ministry of Urban Wellbeing, Housing and Local Government.
Bank Negara Malaysia also would like to urge all victims of the above financial scam to lodge a report with the Royal Malaysian Police to facilitate investigations.
Members of the public are reminded to be vigilant of any person or parties who claim to be licensed by Bank Negara Malaysia. They are advised to refer to the list of institutions that are licensed or approved under the laws administered by Bank Negara Malaysia before entering into any business or investment transactions.
The list of institutions can be found at http://www.bnm.gov.my
Members of the public can also contact or visit:
BNMTELELINK (Customer Contact Centre)
Fax: (03)2174 1515
To submit enquiries or complaints, type 15888
BNM TANYA [your enquiry/complaint]
BNMLINK (Walk-in Customer Service Centre)
Block D, Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
(Business hours: Monday - Friday, 9:00 am - 5:00 pm)
Or visit BNMLINK branches in Bank Negara Malaysia Johor Bahru, Penang, Kuala Terengganu, Kota Kinabalu and Kuching