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

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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

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    Money launderingBank Negara MalaysiaMalaysia

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