Kuala Lumpur: The Securities Commission Malaysia (SC) has alerted the public about a new investment scam involving a cloned version of the SC’s public register of licence holders and registered persons. In a recent statement, the SC explained that scammers are deceiving investors by falsely claiming to represent entities purportedly licensed by the SC.

According to BERNAMA News Agency, the scam involves directing potential victims to a fraudulent website that mimics the SC’s official public register portal. Upon entering the name of the fake entity into this cloned site, the search result misleadingly shows that the fake entity is legitimately licensed by the SC, complete with fabricated company registration numbers, license details, and other fictitious credentials.

The SC noted that victims are then persuaded to transfer funds into mule bank accounts under the guise of investing. The commission has acted swiftly to dismantle the identified cloned websites since discovering this new investment scam. However, it continues to urge the public to remain vigilant and avoid clicking on random links received from unknown sources.

Furthermore, the SC reminded investors to verify the legitimacy of an entity using the official public register on its website at https://www.sc.com.my. It also advised against transferring funds into bank accounts of suspicious entities, which may be mule accounts used by scammers. If investors have doubts or encounter suspicious websites or investment schemes, they are encouraged to contact the SC’s consumer and investor office at 03-6204 8999 or email [email protected].