Company Information

Get to know Ombudsman for Financial Services (OFS)

Established in 2005, the Ombudsman for Financial Services (OFS) is an operator of a financial ombudsman scheme approved by Bank Negara Malaysia (BNM). It functions as a non-profit, independent body to help resolve disputes between financial consumers and its members, which include licensed banks, insurance companies, takaful operators, and other financial service providers regulated by BNM. The OFS's primary mission is to provide an impartial, effective, and accessible alternative dispute resolution channel, enhancing consumer protection and confidence in the Malaysian financial services industry.

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Financial Legal ServicePRIMARY
Financial Other Service

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Ombudsman for Financial Services (OFS)

Malaysia

Founded in

2004 (22 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.