Exceeding holding limit of foreign currencies of RM250,000 equivalent

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Exceeding holding limit of foreign currencies of RM250,000 equivalent

Charged under: Money-Changing Act 1998: Section 29(1)

No. Name of Case Accused (Individual or Company Charged) Date of Conviction Punishment
Fine In Default (Fine) Imprisonment

1.

ARC Money Changers Sdn Bhd (2 counts)

ARC Money Changers Sdn Bhd (No. Syarikat: 231885-H)

24/11/2009

RM20,000

2 months

-

Mohamed Yabudeen bin Mohamed Salahudeen (690728-71-5131)

2.

K L Resources Sdn Bhd (7 counts)

K L Resources Sdn Bhd (No. Syarikat: 201220-P)

 5/11/2009 RM105,000

7 months

-

Kamarul Jaman bin Mydin (490823-07-5519)

Mohd Rafik bin P.P. Abdu Rahiman (660618-04-5141)

3.

Noor & Kaber Forex Sdn Bhd

Noor & Kaber Forex Sdn Bhd (No. Syarikat : 523929K)

25/6/2009 (High Court-appeal)

RM18,000 (fine stayed)

-

-

2/4/2009(Sessions Court)

RM18,000

 -

-

4.

Ashraf Ali Sdn Bhd (2 counts)

Ashraf Ali Sdn Bhd (No. Syarikat: 534578-A)

19/9/2008

RM12,000

3 months

-

Ashraf Ali bin S. Abdul Kassim (480828-71-5133)

 RM10,000 3 months -