National Bank of Cambodia alerts on illegal advertising and lending
On 25 August 2022, the National Bank of Cambodia (NBC) published a press release on illegal advertising and lending. The National Bank of Cambodia (NBC) has observed that a number of fraudsters have openly advertised and lent credit to the people through various forms such as online, social media, leaflets, and postings in public places. Lending by these unlicensed companies or individuals violates applicable law, especially the Law on Banking and Financial Institutions.
The National Bank of Cambodia (NBC) calls on the public to be extremely careful and use only official institutions’ services. The National Bank of Cambodia is cooperating with the relevant authorities to take legal action against companies or individuals who engage in illegal activities in accordance with applicable legal procedures.
National Bank of Cambodia
