BNM, police raid eight illegal money service operators in Sarawak
The central bank reminds the public that it is an offence to operate a money services business without a valid license from BNM.
Wed Nov 29 2023
Act 731 to be fine-tuned to monitor illegal remittance activities
The move ensures more efficient and punitive action against remittance activities by illegal or registered remittance service providers.
Wed Mar 09 2022
Money changers also affected by COVID-19 outbreak
The COVID-19 outbreak in Malaysia has affected the money changing business, said Penang Muslim Jewellers and Money Changers Association deputy president Munower Sadiq.
Tue Mar 17 2020
Bank Negara raids illegal money services business premises
The central bank said the raids took place in Perak, Pahang and Negeri Sembilan and were conducted on Aug 17.
Wed Aug 23 2017
More than RM18 mln seized in joint raid on illegal money services business networks
The operation was conducted together with the National Revenue Recovery Enforcement Team of the Attorney-General's Chambers (NRRET), the Police and Immigration Department.
Thu Mar 30 2017
Money changers to stop buying, selling 500- and 1,000-rupee notes - MAMSB
It is in line with the Indian government's decision to abolish the these notes, which were no longer be legal tender from Nov 9, 2016.
Thu Nov 10 2016
BNM raids illegal money services businesses, RM15 million seized
The raid was held together with the AG's Chambers, Customs Department and the police.
Mon Apr 18 2016