The Central Bank of Brunei Darussalam has updated its Alert List and added Tefozepoint, warning that the named person may be or may have been wrongly perceived as being licensed, authorised or regulated by the central bank. The Alert List covers companies and individuals based on information available at the time of publication and is issued without prejudice to any further assessment of the persons’ activities. The central bank reiterated that the public should only deal with financial institutions licensed by the Central Bank of Brunei Darussalam and avoid unlicensed entities offering financial services, particularly those exhibiting characteristics of get-rich-quick or pyramid schemes, noting that licensing requirements include money changing, money remittance and money lending and that customers will not have regulatory protections when dealing with unlicensed or unregulated providers.
Central Bank of Brunei Darussalam 2025-04-24
Central Bank of Brunei Darussalam updates Alert List to include Tefozepoint
The Central Bank of Brunei Darussalam has updated its Alert List to include Tefozepoint, cautioning that the entity may be mistakenly perceived as licensed or regulated by the central bank. The bank advises the public to engage only with licensed financial institutions and warns against unlicensed entities, particularly those resembling get-rich-quick or pyramid schemes.