The AFM issues a warning against PBBC Finance, also trading under the name Mali Amoh Finance, Mali Amoh and Surin Financing (PBBC) The AFM suspects that one and the same (legal) person/organisation is behind the abovementioned parties.
The Netherlands Authority for the Financial Markets (AFM) warns consumers not to enter into loan offers made by the abovementioned providers. The AFM suspects that this provider has provided or continues to provide investment services in the Netherlands, without possessing a licence from the AFM to do so nor has it been granted an exemption. The AFM received reports from consumers that they received offers via PBBC to take out a loan. Offering credit in the Netherlands without having a license or having been granted an exemption, constitutes a violation of Article 2:60 of the Act on Financial Supervision.
The abovementioned party makes use of the following contact details when offering credit:
Fax numbers: 087-7849578 and, 0704-00768.
Email addresses: firstname.lastname@example.org
Names: Arie Toet, Jeanine Russ, Chason Leever, Roger F. Hue.
The AFM advises consumers, who wish to do business with an institution or person, to check the relevant register on the AFM's website to verify whether the relevant institution or person is registered and is authorized to offer credit in the Netherlands. The AFM also urgently advises consumers to consult the warnings list prior to concluding a loan agreement with a party.
It is inadvisable to pay an insurance contribution before the consumer has received the offered loan. The AFM advises consumers to be extra vigilant when it concerns institutions or persons that make use of email addresses that can be generated free of charge, such as Gmail, lavabit and hotmail, as well as in the case of institutions or persons that make use of toll-free fax numbers, which often start with the numbers '084' or '087'.
www.afm.nl/waarschuwingslijsten shows two AFM warning lists, in Dutch only.
- AFM warning list. This list shows institutions and persons who do not have a licence while they should have one according to the law. It also lists institutions that do not provide a prospectus with their securities, while they are required to do so by law.
- Foreign warning list. This list includes institutions against which foreign supervisors have issued a warning.
Consumers with questions or comments can also contact the Financial Markets Information Line on: 0900-5400540 (5 eurocents per minute).
The AFM promotes farness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.
The AFM is committed to promoting fair and transparent financial markets.
As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.