The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

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

Published Wed, Nov 29, 2023 · 03:48 PM
    • 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

    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

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Between May 2024 and July 2026, around two-thirds of the estimated 640 tankers loaded at the Westridge Marine Terminal in Vancouver arrived in Asia.

    Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet

    TRX is KL’s premier onshore financial district, designed to cluster leading banks, tech innovators, professional services and top-tier talent.

    TRX and Labuan IBFC join forces to boost Malaysia’s regional financial ambitions

    In September, Crystal Jade closed its Hong Kong Kitchen outlets at The Clementi Mall, Jurong Point and Great World. The group said the closures were part of a review of its operations and outlet network. 

    Crystal Jade Fine Dining faces charge for failing to file income tax return on time

    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