What we need to do when we do investment?

In this special blog, I’d like to delve into what we should contemplate before engaging in any investment scheme. As an everyday individual, I’ll delineate essential factors crucial for verification, ensuring legal protection and shielding against scams or frauds.Foremost among these considerations is grasping the significance of companies’ compliance with AMLA (Anti Money Laundering Act) reporting.

To gauge the legitimacy of a company, it’s essential to consider whether it operates locally or overseas and whether it complies with the obligation to report to AMLA. Alternatively, we can verify the legitimacy of an investment company on the Bank Negara website. In summary, ensuring legitimacy is crucial to ensure that our investments are legally bound. With this assurance, we can rest easy and feel confident about our investments without any anxiety.

The second factor is to avoid being swayed by any promises of guaranteed returns. This aspect is highly critical. These two key considerations are pivotal in ensuring the legitimacy of the investment and warrant careful consideration.

If it’s an investment fund, it’s imperative to ensure that it is licensed by the Securities Commission.

I hope that by following these guidelines, we can make informed decisions regarding our investments. While these guidelines do not guarantee profitability, they are crucial in protecting us from being deceived or falling victim to scams.

We can refer to this  link : https://www.bnm.gov.my/financial-consumer-alert-list

https://www.sprm.gov.my/admin/files/sprm/assets/pdf/penguatkuasaan/amlatfpuaa-2001-akta-613-bi.pdf

SSM