Last updated on December 25, 2025
KUALA LUMPUR: More than 500 companies and websites suspected of scams have been flagged in Bank Negara Malaysia’s Financial Consumer Alert List, as the central bank steps up warnings against investment fraud, illegal lending, and online transaction scams.
Bank Negara said the entities listed are neither licensed nor regulated, and therefore are not authorised to provide financial services in Malaysia. Members of the public have been urged to avoid dealings with such companies.
Consumers can check the full list and learn fraud-prevention tips via the central bank’s “Amaran Scam” portal on its website or through the dedicated Amaran Scam e-book (bnm.gov.my/AS_ebook).
From 77 names to more than 500
The alert initiative, first launched in 2012 with 77 flagged entities, was designed to expose unlicensed operators masquerading as regulated financial institutions and to provide systematic consumer protection.
According to Bank Negara, the list is regularly updated with information gathered from enforcement agencies, industry players, and public reports.
Still, the central bank stressed the list is not exhaustive. It is compiled from information received and may not confirm whether investigations are complete, but serves as a reference guide to help consumers avoid scams.
