Bank Negara adds two companies in KL and Ampang to money services business alert list | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Jan 14): Bank Negara Malaysia (BNM) issued warning letters to nine entities for conducting illegal money services business between September and November last year.
The list comprises Sepakat Network, Little Gift House Enterprise, Hajun Enterprise, LSP Punitha Enterprise, Vickey Computer Service and Repair, Balkees Enterprise, Sheikh Abdullah Enterprise, Arman Asad Enterprise and Southern Network Enterprise Sdn Bhd.
According to BNM s list, which dates back to 2013 and was updated on Monday (Jan 11, 2021), the nine entitles comprise three businesses operating in Selangor, four in Kuala Lumpur and one each in Johor and Penang.
BNM said the warning letters were issued to the nine entities for conducting illegal money services business, which includes money changing and remittance services that contravene section 4(1) of the Money Services Business Act 2011 in Malaysia.