The Central Bank of Brunei Darussalam has added WCEI Group, WCEI International Ltd, WCEI Investment Holding Ltd and WCEI Academy Sdn Bhd to its alert list. The listing covers investments and other suspicious or unethical activities and indicates that the entities are not licensed, authorized or regulated by the central bank. The central bank warned the public to use only licensed financial institutions and remain alert to entities misusing its name, logo or official identity to solicit funds, personal information or participation in financial schemes. Consumers dealing with unlicensed or unregulated providers do not receive protection under its regulatory framework.
Central Bank of Brunei Darussalam adds WCEI entities to alert list
The Central Bank of Brunei Darussalam has added four WCEI entities to its alert list in connection with investments and other suspicious or unethical activities. The entities are not licensed, authorized or regulated by the central bank, and consumers dealing with them do not receive protection under its regulatory framework.