BNM and SC Warn Public of Deepfake Investment Scams

• •BNM and SC warn against deepfake videos impersonating senior officials.
• •Public urged to verify investment schemes through official channels.
• •No endorsement of private investment schemes by BNM or SC.

Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have issued a warning about deepfake videos impersonating senior officials to promote fraudulent investment schemes. The authorities emphasized that neither BNM nor SC endorses private investment schemes and urged the public to verify suspicious content through official channels. Individuals are advised to check BNM's Financial Consumer Alert List and SC's Investor Alert List for flagged entities. BNM has provided examples of deepfake content on its verification page and encouraged reporting of suspicious materials to relevant social media platforms. The warning aims to protect the public from falling victim to scams that exploit the identities of influential figures in finance. The situation is ongoing, with no specific incidents of exploitation reported in the articles.