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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

    Money launderingBank Negara MalaysiaMalaysia

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