As part of continuous enforcement efforts to protect members of the public against potential financial risks when dealing with unlicensed entities in the country, Bank Negara Malaysia (BNM) in collaboration with the Royal Malaysia Police (RMP), raided a total of eight (8) premises in various parts of Sarawak. The raids held on 28 November 2023 were conducted on the premises of the following targeted entities suspected of operating money services businesses without a valid license from BNM as well as potentially engaging in money laundering activities:

The above entities are investigated under Subsection 4(1) of the Money Services Business Act 2011 (MSBA). Any person who commits an offence under Subsection 4(1) MSBA is liable to a fine not exceeding RM5 million or imprisonment for a term not exceeding ten years, or to both.

BNM would like to remind the public that it is an offence to operate money services business without a valid license from BNM. A list of licensed money services businesses can be found on the BNM website at bnm.gov.my/licensed-msb-operators. Members of the public are urged to only deal with the licensed money services businesses to safeguard their financial interests and are encouraged to report on any unlicensed entity to BNM at:

BNMLINK Online Form | Live Chat | Telephone 1-300-88-5465 or +603-2174-1717 (Overseas)