Bank Negara Malaysia about SwissCash
September 7, 2006 at 2:03 am 4 comments
Warning on Swiss Cash or Swiss Mutual Fund
Bank Negara Malaysia and Securities Commission of Malaysia would like to inform members of the public that Swiss Mutual Fund, the company that is promoting the Swiss Cash fund, is not licensed or exempted from licensing by Bank Negara Malaysia to accept deposits nor is it licensed by the Securities Commission to carry out asset management activities or services in Malaysia. Swiss Cash fund promoted by Swiss Mutual Fund has not been approved nor endorsed by the Securities Commission.
Swiss Cash fund is an internet-based investment program promoted by Swiss Mutual Fund, a fund management company claimed to be registered overseas, and the investment opportunities in the fund is offered through the Internet and local agents.
Members of the public should only invest through parties that have been licensed by the authorities. When in doubt, the public should check with Bank Negara Malaysia, the Securities Commission or other relevant authority on the licensing status of the local or foreign company before making any investment.
Members of the public may contact the Securities Commission and Bank Negara Malaysia for enquiries on the fund:
Complaints Department, Securities Commission
Tel: 03 6204 8999
Fax: 03 6204 8991
E-mail: aduan@seccom.com.my
Bank Negara Malaysia
Tel: 03 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143
Fax: 03 2698 7467
E-mail: info@bnm.gov.my
Bank Negara Malaysia
Securities Commission
5 September 2006
Note: This statement means swisscash or swiss mutual fund is not from Malaysia
Entry filed under: Uncategorized.
1.
Rafi | September 8, 2006 at 12:31 am
Dear Sir,
As a new investor in Malaysia, surely I need some more reassurances from CFO since the inteference from our Bank Negara and local newspapers lately. Many of my downlines are very anxious and keep calling me with so many questions.
2.
ramsley | September 8, 2006 at 3:12 am
Dear Rafi..
There is no point for you to get clarification from SwissCash or Swiss Mutual Fund CFO.. They are registered at Offshore Country that is protected by privacy policy. You should visit malaysia securities commission main website and read about online legislation. By right you cannot make an investment on bahlf of other people money. You cannot simply collect other people money.. This is against the law.. However. it clearly stated that SwissCash is Internet Investment Programs.. There are a lot of Internet investment programs such as HYIPS and Autosurf.. If malaysia goverment want to ban SwissCash.. They need to create new e commerce law..
Hope that will give you some input..
ramsley..
3.
suhail bin yakup | November 14, 2006 at 6:04 am
dear sir..
please inform me for the actual swisscash standing for either legal or illegal.thank you
4.
mimi | January 19, 2007 at 2:20 am
can someone tell me how to TT. i can’t find instructions in login page. please help…