More firms added to BNM alert list

PETALING JAYA: Bank Negara Malaysia (BNM) has added 14 more companies into its financial consumer alert list, bringing the number to 316.

They are Ahmad Zulkhairi Associates PLT, Ethtrade Limited, Ethtrade Malaysia, Kilauan Padu Services Sdn Bhd, O2 Only One, OG1 Asean, Only One International Sdn Bhd, Proficiency Management and Services, Smart Trade Entrepreneur, Smart Trade Resources Sdn Bhd, TF International Group, TF International Group (MY), TF International W1212 KL Team and ZEMC Sdn Bhd.

The companies are listed as those which have not been approved by BNM.

On its website, the central bank states that only financial institutions, including money changers, remittance service providers and currency wholesalers licensed by BNM, are allowed to provide financial services in Malaysia.

“Members of the public are advised not to deal with any illegal financial service providers, reveal or disclose personal financial credentials to any of these providers and involve or associate themselves with these financial service providers.”