DON'T GET IN ILLEGAL MONEY DEALINGS BANK NEGARA MALAYSIA CoOL LEN CLY ! CAUTION: Internet Investment Schemes ned fo on guard aga ums or opportu rates of retur sensed or deal in foreign currency 1e Bank. Unlicensed operat 1085 108 the investors wi sons conne legal Deposit Taking Scam * The person (an individual, a company or an organisation) receives, takes or accepts deposits from members of the public and Is not licensed under section 6(4) of the BAFIA; + The person promises to repay the deposit, with o without interest or retums, over a period of time in the form of money or money's worth, ets.; and + The person promises to repay the initial deposit upon demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person ing it, with any consideration in money or money's, worth (the repayment of initial deposit is sometimes included in the fixed interest or returns promise Warning Signs for Investors lagal deposit tating 2 been disguised and camouflaged in various forms to deceive the public io fall cams, by giving valuable goods as part of the promised retums and camoutlaging the deposits as loans to the compeny: {0 be able 10 provi nterest or retum over a sh to licensed institutions. Howeve legal deposit taking activte period of time a The survival of this scheme is dependent upon the recruit silors, ie, new funds obtained be used in paying dividends to the existing depositors. It of new dep + Remember the golden rule -if it sounds too good to be true, i's probably a lie + Deal only with licensed financial institutions and authorised dealers; + Check with the relevant authority before investing + Don't be pressured or rushes to invest; * Be extra careful with investments over the interne! + Be sceptical of any investment opportunity tha writing; and + In case an investment has been made all the'investment(s) and communications, If you have any information pertaining to illegal deposit taking activities or illegal foreign currency dealings, or are a victim of such activities or scams you can send information or complaints together with the documents. to Bank Negara Malaysia as follows: Address : Unit Penyiasatan Khas Bank Negara Malaysia Jalan Dato’ Onn 50480 Kuala Lumpur Facsimile : 03-2174 1515 (TELELINK) 03-2698 7467 (Unit Penyiasatan Khas) E-mail: bnmtelelink@bnm.govmy | upkinfo@bnm.gov.my We can also be contacted at the following telephone numbers: 1-300-88-LINK (1-300-88-5465) 03-2691 5090 / 2698 4163 / 2691 0824/ 2692 6482 / 2698 2810 / 2594 2143 BBL whats a “Get ich-Quick” scheme? ich offers high or unrealistic rates of return for a vestment while at the same time promising that investment is easy and risk-free. The following “Get-Ri under the legislation admin Malaysia’ legal Deposit Taking Activities Illegal deposit taking is an act of 1 accepting of dep stone, any other article etc.) irom members of the public hat promis it with interest or returns in money ot money's worth without @ valid licence under the Banking and Financial Institutions Act 1989 (BAFIA). n-Quick” schemes are prohibited red by Bank Ne akin sits (moneys, precious metal, precious Penalty: The maximum ponalty for accepting deposits illegally is imprisonment of not more than 10 years and/or a fine not exceeding RM10 million and a fine of RM100,000 for each day the offence continues. egal Foreign Currency Dealings The following acts tantamount to illegal for dealings: ign currency (i) Buying or selling of foreign currency by a person who is not an authorised dealer unless such person has obtained the permission of the Controller of Foreign Exchange under the Exchange Control Act 1953 (ECA). (i) Buying oF selling of foreign currency by a resident who is not an authorised dealer, with a person outside Malaysia except if the resident has obtained the permission of the Contoller of Foreign Exchange under the ECA, Penalty: The maximum penalty for dealing in foreign currency illegally is a fine not exceeding RM1 million or imprisonment for a term not exceeding 5 years or both and the court may order any currency or any property involved in respect of the commission of the offence to be forfeited. Therefore, the scheme will fail when there is no contribution Of funds from new depositors; and Initialy the depositors may be paid their promised retums. However, the operator would eventually abscond with th tthe scheme is about to deposi legal Foreign Currency Scam Foreign currency dealings with a person, other than ar authorised dealer, who has not obtained the permission o the Controller of Foreign Exchange under the ECA, often: Offer investors or members of the public the opportunity to deal in foreign currencies with a principal company (purported to have a valid licence to rade + Facilitate the trading of foreign currencies by providing access to the principal company's website and tradin facilites via internet + Recruit fresh graduates as marketing executives and ure them to get their family members to invest + Instruct the invest into either the prir third party bank acc rs to deposit the investment moneys ipal company's bank account or 2 unt; and ‘+ Induce the investors to top up their investment (“margin call") or otherwise risk losing their investment. Warning Signs for Investors legal operators of foreign currency scams will tr potential investors wih a marketing strategy whic! io entice quick and high retums By projecting a professional and smart-looking employees, a high-tech office layout and faci ccounts via the internet advanced lies. wher operate their With tools of the trade, e.g., a news screen showing ‘movements in exchange rates, to give the impression that a professional limate business is being conducted: t is usually entered into between the e company. Such contracts are u: ned by the company. This means no action can be taken by the inve against the company as there is no Do your part in stopping illegal "get-rich-quick" schemes TODAY. Information from you, the public, is crucial in helping us stop illegal money dealings. USERS OU