A total of six fraud financial companies have been detected so far, this came in a statement by the Central Bank of Bahrain (CBB).
The CBB added that this was achieved after receiving a total of nine complaints from GCC nationals and expat residents about fraud attempts by fake companies. CBB explained that the complaints indicated that the companies were fake and unlicensed companies in the fields of financial advisory, loan providing and trade in general.
The complaints received, the CBB continued, were from the public and customers of licensed companies through the Complaints Form available on the CBB official website. The CBB, therefore, consider them, especially those related to violations of the CBB’s Law and the rules and regulations issued by it or by those issued by self-regulated institutions.