THE Securities Commission of Malaysia (SC) has issued a public warning against a sophisticated investment scam involving a fake version of its official Public Register of Licence Holders and Registered Individuals.
In a statement issued today, the regulator revealed that unscrupulous individuals have been fraudulently claiming to represent firms purportedly licensed by the SC, directing unsuspecting victims to a counterfeit website designed to mimic the commission’s official portal.
“When victims enter the name of a bogus entity into this cloned website, the search results falsely show that the entity is duly licensed by the SC,” the statement said.
The fabricated listings even include falsified company registration numbers, licence details and other fake credentials in an effort to convince victims of the scheme’s legitimacy.
After establishing this illusion of authenticity, victims are then persuaded to transfer funds into mule accounts under the guise of making legitimate investments.
The SC said it has already taken immediate steps to shut down the identified fraudulent websites. However, it stressed that members of the public must remain vigilant and avoid clicking on any links received from unverified sources.
“To confirm the legitimacy of any entity, investors must always access the SC’s official Public Register directly at [www.sc.com.my,”](http://www.sc.com.my,”) the regulator advised.
The SC further urged the public to refrain from transferring money to suspicious accounts, warning that these may be mule accounts operated by criminal networks.
“Investors are reminded to stay cautious and seek verification before committing any funds. If you have doubts or encounter suspicious websites or investment schemes, please contact our Consumer and Investor Office at 03-6204 8999 or email [[email protected]](mailto:[email protected]),” the statement added.
This latest scam underscores the increasing sophistication of online financial fraud and the importance of verifying information directly with regulatory bodies before making investment decisions. - June 5, 2025
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