The Business Times
Asean Business logo
SPONSORED BYUOB logo

Eight premises in Sarawak state raided for suspected illegal money services: Malaysia central bank

    • The raids are conducted on certain entities suspected of operating money services businesses without a valid licence from the central bank as well as potentially engaging in money laundering activities, BNM says.
    • The raids are conducted on certain entities suspected of operating money services businesses without a valid licence from the central bank as well as potentially engaging in money laundering activities, BNM says. PHOTO: REUTERS
    Published Wed, Nov 29, 2023 · 03:48 PM

    Malaysia’s central bank said on Wednesday (Nov 29) eight premises in Sarawak state were raided by Bank Negara Malaysia (BNM) and police on Nov 28, on suspicion of operating illegal money services.

    The raids were conducted on certain entities suspected of operating money services businesses without a valid licence from the central bank as well as potentially engaging in money laundering activities, BNM said in a statement. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Money launderingBank Negara MalaysiaMalaysia

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More