The Malaysia Securities Commission (SC) has alerted the public to an investment scam that uses a cloned version of the SC’s Public Register of License Holders and Registered Persons to make fake entities appear legitimately licensed. Scammers direct potential victims to a fraudulent website that mimics the SC’s official Public Register portal, where searches for the fictitious entity return fabricated “licensed” results, including false company registration numbers and licence details. Victims are then persuaded to transfer funds into mule bank accounts under the guise of making an investment. The SC has taken steps to bring down identified cloned websites and urged investors to avoid clicking unknown links, verify entities only through the official Public Register at www.sc.com.my, and avoid transferring funds to suspicious accounts.
Malaysia Securities Commission 2025-06-05
Malaysia Securities Commission warns of investment scam using a cloned Public Register website
The Malaysia Securities Commission (SC) warns of an investment scam involving a cloned version of its Public Register of License Holders. Scammers use a fake website to present entities as licensed, persuading victims to transfer funds into mule accounts. The SC is working to dismantle these sites and advises investors to verify entities through the official Public Register and avoid suspicious links and fund transfers.