The Bank has updated the Financial Consumer Alert list. The list consists of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM.
To enable the Bank to meet the objectives of a central bank, it is vested with comprehensive legal powers under the following legislation to regulate and supervise the financial system.
Fit and Proper Criteria
Principles for a Fair and Effective Financial Market for the Malaysian Financial Market
Registration Procedure to Carry on Adjusting Business
Shareholder Suitability – Notification and Application Procedures