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Friday, August 17, 2012

77 Companies On Bank Negara Alert List

Recently Bank Negara Malaysia issued an alert list on its website which listed 77 companies which are not authorised or approved under the relevant laws and regulations administered by BNM. This listing create a big reaction from the public and some mainstream newspaper used a slightly different wording of blacklisted that technically may have a different meaning.

The term "Blacklisted" in my opinion maybe different to "Alert" as BNM intention to alert the public of the potential risk dealing with the listed companies and not saying that the companies listed is engaging in anything illegal. 

"Tidak Sah" feels like the same meaning as "Black Listed"

In conclusion, I believed BNM did a good job in giving warning to the public the potential list of dealing with the listed companies as recently there are many fraudulent cases happening. 

Recent case happened at Kota Kinabalu where invested were cheated by a "Gold Investment Scheme".

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