Beware of Illegal Foreign Currency Trading Schemes Bank Negara Malaysia would like to caution members of the public not to participate in any illegal investment or training programme on foreign currency trading offered by individuals or companies both domestic and foreign. Under the Exchange Control Act 1953 (ECA), it is an offence for a person in Malaysia to buy or sell foreign currency or do any act which involves, is in association with, or is preparatory to, buying or selling of foreign currency with any person, other than an authorised dealer. It is also an offence for a person to aid or abet another person to buy or sell foreign currency with any person, unless the person is an authorised dealer. The list of authorised dealers and financial institutions permitted by the Controller of Foreign Exchange to buy or sell foreign currency can be obtained from Bank Negara Malaysia's website (http://www.bnm.gov.my). For further enquiries, members of the public can contact Bank Negara Malaysia at: BNMTELELINK (Customer Service Call Centre)
Members of the public are usually enticed to attend such investment or training programmes with promises of quick and good returns. The modus operandi of such programmes have included:
1-300-88-5465 or
E-mail: bnmtelelink@bnm.gov.my
Bank Negara Malaysia
4 January 2010
© Bank Negara Malaysia, 2010. All rights reserved.
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