Perpetrators and promoters of get-rich-quick schemes will face full brunt of law

PETALING JAYA: Bank Negara has warned those behind illegal financial schemes that they will face the full brunt of the law, adding that action can also be taken against the investors.

Perpetrators and promoters of such schemes, it said, faced action under various laws, including those administered by the central bank, the Penal Code, the Interest Schemes Act 2016, the Direct Sales and Anti-Pyramid Scheme Act 1993 as well as the Anti-Money Laun­dering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.