Central bank warns against unlicensed moneylenders (07.12.2023)
 Posted on : Dec 8, 2023, 11:05AM   27 total views  Category : Local News

The Brunei Darussalam Central Bank (BDCB) warned that they will take serious action against unlicensed moneylenders in a statement on Thursday.

 

The BDCB reminded the public that moneylenders are required to be licensed under the Moneylenders Act. Anyone carrying out the business of moneylending without a licence can be fined BND500 and imprisoned for 18 months upon conviction.

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-- Courtesy of Borneo Bulletin

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