The Central Bank stands ready to assist those willing and able to establish their savings and loan society, providing advice and ensuring sound management practices, and systems support. May I publicly warn against the fast-money schemes or pyramid schemes. We have clamped down on the operators of these schemes.
The Central Bank continues to work with the law enforcing agencies to stamp up these illegal schemes, which have created financial problems for many of our people. I acknowledge and am most thankful for the assistance from the Police in this aspect. We have also taken out advertisements listing the licensed financial institutions and warning the public on the illegal schemes.