BNM, SC warn of deepfake videos using senior officials to promote investment scams

Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have issued a joint warning to the public regarding the circulation of deepfake videos featuring senior officials, aimed at promoting fraudulent investment schemes and financial products. The central bank emphasized the need for individuals to report suspicious content to social media platforms or directly to BNM and the SC to help prevent the spread of such deceptive material.

For those encountering potentially fraudulent content, BNM recommended consulting the Financial Consumer Alert List available on its official website (bnm.gov.my/verify). Similarly, the Securities Commission advised Malaysians to check the Investor Alert List for any flagged entities or schemes. Before investing any funds, the public should verify the legitimacy of the entity or scheme through BNMLINK or the SC's Investment Checker portal.

BNM stressed that the public should rigorously verify the authenticity of online content and seek confirmation through official channels before making any investment decisions, especially when such offers are associated with influential individuals or senior officials from financial institutions. The central bank further encouraged the public to follow the Amaran Scam Facebook page for updates on emerging scam tactics and guidance on how to avoid falling victim to fraud.