BNM Warns Of Scammers Using Their Name

Bank Negara Malaysia has recently released a statement warning the public to be wary of potential scammers who are misusing the BNM name, logo, and reputation. 

The statement that was released included a fake video that misappropriated BNM’s name in order to lend an air of legitimacy to it. BNM themselves have confirmed that the video in question is fake and urges the public to take the necessary precautions to avoid falling for such scams.

BNM also declared that action would be taken against these perpetrators. In addition, BNM would like to emhasise that it DOES NOT ENDORSE any investment schemes.

This is a fairly common tactic that scammers will use to try and trick you into believing their schemes. They will use the good reputation of other brands in order to convince you that their scheme is legitimate, thus tricking you into divulging sensitive personal information. 

If something seems too good to be true, it is best if you contact the actual company/brand directly via their call centres to confirm if the offer is legitimate.

If you are unsure if any content, be it from your phone, television, or the internet, is truly endorsed by BNM, then please contact BNMLINK at bnmlink.bnm.gov.my to get clarification.

If you are not sure how to spot a scam, you can find out more about the most common money scams in Malaysia here.

Additionally, if you suspect that you have already been scammed, this article can tell you what to do next.