|
Contents:
- Enforcement Actions by Bank Negara Malaysia
- Status of Cases Investigated by Bank Negara Malaysia
- Relevant Legislation
- Notices and Press Releases
Bank Negara Malaysia established the Special Investigations Unit (SIU) in 1986 to conduct surveillance and investigate illegal financial schemes. This Unit essentially conducts search and seizure operations, and interview of witnesses to gather pertinent information towards successful prosecution of offenders.
Bank Negara Malaysia takes a serious of view of such criminal offences and those breaking the law will be investigated and prosecuted. Bank Negara Malaysia will not hesitate to take action against any illegal perpetrators.
Bank Negara Malaysia maintains close working relationships with the Attorney General's Chambers as well as with other enforcement agencies such as the Polis Diraja Malaysia, Companies Commission Malaysia, Cooperatives Commission of Malaysia, Securities Commission Malaysia, Malaysian Anti- Corruption Commission, the Royal Customs of Malaysia, Ministry of Domestic Trade, Co-operatives and Consumerism and CyberSecurity Malaysia (formerly known as National ICT Security and Emergency Response, NISER).
 |
| ^back to top |
Enforcement Actions by Bank Negara Malaysia
The tables below list the companies and individuals that have been charged, prosecuted and convicted for various illegal financial activities under the Banking and Financial Institutions Act (BAFIA), Exchange Control Act (ECA), Money-Changing Act (MCA) and Anti-Money Laundering and Anti-Terrorism Financing Act (AMLATFA).
- Banking and Financial Institutions Act 1989: Section 15(1) - Use of the word 'bank' or similar name without approval
- Banking and Financial Institutions Act 1989: Section 25(1) - Receiving, taking or accepting deposits without valid license
- Banking and Financial Institutions Act 1989: Section 27(A) - Advertisement for Illegal Deposit Taking
- Money-Changing Act 1998: Section 4(1) - Operating money changing business without valid license
- Money-Changing Act 1998: Section 24(1) - Use of the word 'money changer' or similar name without approval
- Money-Changing Act 1998: Section 29(1) - Exceeding holding limit of foreign currencies of RM250,000 equivalent
- Money-Changing Act 1998: Section 35(b) ? Furnishing false information
- Exchange Control Act 1953 : Section 4(1) - Dealings in foreign currency without permission of The Controller
- Exchange Control Act 1953 : Section 4(2) - Dealings in foreign currency without permission of The Controller
- Anti-Money Laundering and Anti-Terrorism Financing Act 2001 : Section 4(1) - Money Laundering
A. Banking and Financial Institutions Act 1989: Section 15(1) - Use of the word 'bank' or similar name without approval
No. |
Name of Case |
Accused (Individual or Company Charged) |
Date of Conviction |
Punishment |
||
Fine |
In Default (Fine) |
Imprison- ment |
||||
1. |
BNI Agency, Kajang |
Lo Ching Heng [B1] (510126-10-5079) |
17/04/2003 |
RM150,000 |
1 year |
- |
Cheng Swan Choo [B2] (760804-01-6756) |
Charges against B2 withdrawn on B1's admission |
- |
- |
- |
||
2. |
BNI Agency, Johor Bharu |
Hing Gee Yen (570915-10-5623) |
Charges withdrawn as accused pleaded guilty on offences committed for BNI KL case |
- |
- |
- |
3. |
BNI Agency, Kuala Lumpur |
Hing Gee Yen (570915-10-5623) |
28/02/2001 |
RM350,000 |
- |
- |
4. |
BNI Agency Penang |
Lee Choon Beng (600323-07- 5699) |
01/08/2001 |
RM180,000 |
4 months |
- |
|
| ^back to Enforcement Actions |
B. Banking and Financial Institutions Act 1989: Section 25(1) - Receiving, taking or accepting deposits without valid license
No. |
Name of Case |
Accused (Individual or Company Charged) |
Date of Conviction |
Punishment |
||
Fine |
In Default (Fine) |
Imprison- ment |
||||
1. |
Cantuman Budi Sdn Bhd |
Adra?ai bin Md Amin ?(480518-01-5027) |
23/03/2010 |
- |
- |
18 months |
2. |
Daily Management Trading |
Abu Bakar bin Abdullah (510912-02-5471) |
02/02/2010 |
RM2 million |
1 year |
2 years |
3. |
Ehwal Sepakat Sdn Bhd (3 counts) |
Ghazali bin Tauhid (600206-01-5005) |
13/11/2009 |
RM900,000 |
3 years |
- |
4. |
SDF Cahaya Sdn Bhd |
Afandi bin Miskam (751008-01-6507) |
20/08/2009 |
- |
- |
3 years |
5. |
Azman Juwahir |
Raji bin Muhamad (560523-01-6091) |
18/10/2006 |
- |
- |
8 years |
6. |
Maliza Dinamik Trading |
Maliza bt Chik (730426-11- 5468) |
10/09/2006 |
RM200,000 |
4 months |
4 years |
Zulfakar Abdul Ghaffar (680521-11- 5463) |
RM100,000 |
3 months |
3 years |
|||
7. |
Astromax Sdn Bhd |
Mohd Nor Koeng (571229-07-5035) |
19/04/2005 |
RM250,000 |
10 months |
1 year |
8. |
Umi Essniyanti Berhad
|
Umi Essniyanti binti Yaacob (761029-12-5904) |
18/03/2005 |
RM200,000 |
3 months |
2 ½ years |
RM100,000 |
3 months |
2 ½ years |
||||
Adin bin Ismail (650225-12-5651) |
18/03/2005 |
RM200,000 |
3 months |
2 ½ years |
||
RM100,000 |
3 months |
2 ½ years |
||||
9. |
Asasi Trade & Marketing Sdn Bhd |
Ahmad bin Hassan (470617-07-5253) |
22/11/2004 |
RM500,000 |
1 year |
1 year |
10. |
ACS Futures Sdn Bhd |
Khairul Anuar bin |
29/10/2009 |
RM1 million | 1 year | 3 years |
| 19/11/2007 (Session Court) |
Acquitted & case appealed at High Court | |||||
Fakhrolzaman Al Bahsar |
19/11/2007 |
RM1 million | 1 year | 3 years | ||
| Rosenan bin Ibrahim (580323-03-5165) |
19/11/2007 | RM500,000 | 6 months | 1 year | ||
Kamaruzzaman b. Kassim (640819-71-5625) |
04/03/2004 |
- |
- |
3 years |
||
11. |
Faza Amal Marketing & Trading Sdn Bhd |
Rusli bin Ibrahim (670730-11-5161) |
19/03/2002 |
RM1 million |
1 year |
1 year |
Kamaludin bin Hj. Taha (541014-01-6225) |
18/09/2002 |
RM1 million |
1 year |
1 year |
||
12. |
NIR Trading Sdn Bhd |
Sabariah bt Md Yusoff @Yusof (500803-03-5436) |
18/09/2001 |
RM5 million |
2 years |
1 year |
Mohamad Yusoff bin Sulong (490614-03-5051) |
RM5 million |
2 years |
1 year |
|||
Irwan bin Mohamad Yusof (741114-03-5235) |
RM5 million |
15 months |
1 year |
|||
13. |
Kew Jiun Credit (M) Sdn Bhd |
Loi Yaw Jiun (4816607) |
07/05/1997 |
RM200,000 |
1 year |
- |
14. |
Skim 350 |
Faziah bt Ismail (4717747) |
11/04/1997 |
- |
- |
5 years |
22/09/1994 |
RM80,000 |
8 months | 18 months |
|||
15. |
Warisan Abadi Enterprise |
Mat Hassan bin Ahmad |
10/06/1996 |
|
|
- |
16. |
Stockhouse Trading Sdn Bhd |
Margaret Chang Pooi Yew (581204-01-6156) |
08/12/1995 |
- |
- |
2 years |
17. |
Skim Jaafar |
Jaafar bin Ahmad (2319412) |
16/12/1992 |
RM500,000 |
2 years |
1 year |
18. |
Pestama Sdn Bhd |
Osman bin Hamzah (0339914) |
02/03/1992 |
RM500,000 |
1 year |
1 year |
19. |
Sri Emas Enterprise |
Noorrokiah binti Ishak (4269523) |
25/09/1991 |
RM500,000 |
10 months |
10 months |
|
| ^back to Enforcement Actions |
C. Banking and Financial Institutions Act 1989: Section 27(A) - Advertisement for Illegal Deposit Taking
No. |
Name of Case |
Accused (Individual or Company Charged) |
Date of Conviction |
Punishment |
||
Fine |
In Default (Fine) |
Imprison- ment |
||||
| 1. | Daily Management Trading | Abu Bakar bin Abdullah |
02/02/2010 | RM500,000 | 16 months | 1 year |
2. |
Umi Essniyanti Berhad |
Umi Essniyanti binti Yaacob(761029-12-5904) |
18/03/2005 |
- |
- |
1 year |
Adin bin Ismail (650225-12-5651) |
- |
- |
1 year |
|||
|
| ^back to Enforcement Actions |
D. Money-Changing Act 1998: Section 4(1) - Operating money changing business without valid license
No. |
Name of Case |
Accused (Individual or Company Charged) |
Date of Conviction |
Punishment |
||
Fine |
In Default (Fine) |
Imprison- ment |
||||
1. |
Tunas Rupat Follow Me Express Sdn Bhd |
Lim Chee Hock (590124-04-5159) |
20/01/2009 |
RM60,000 |
6 months |
- |
Huang Chong Huat |
RM60,000 | 6 months | - | |||
2. |
KMM Mohamed Ismail |
Jawahar Hassan bin Mohamed Ismail (481125-71-5449) |
11/09/2008 |
RM60,000 |
6 months |
- |
| 3. | No. 25, Jalan Maxwell., Rawang | Mohd Yunus bin Kassim (661225-12-5081) | 11/08/2005 | RM10,000 | 2 months | - |
4. |
Permanent Revenue Sdn Bhd |
Mohamed Redzuan Adam Shah (750204-07-5323) |
30/07/2004 |
RM40,000 |
1 year |
- |
Mohamed Furwez Adam Shah (760424-07-5789) |
RM40,000 |
1 year |
- |
|||
5. |
IMC Kajang-Jayaraj |
Jayaraj a/l Thatchana (570129-08-6285) |
27/01/2004 |
RM10,000 |
3 days |
- |
6. |
Libra-Ed Sdn Bhd |
Abdul Malik b. A.M. Shaik Aladdin (630916-71-5167) |
13/01/2004 |
RM20,000 |
1 week |
- |
7. |
Syarikat Sri Alam Shah Alam |
Bazeer Ahmed a/l Mohamed Ibrahim (560619-71-5129) |
13/11/2003 |
RM10,000 |
|
- |
8. |
No. 28 Jalan Wong Ah Fook |
Ariff Tan Abdullah (620515-04-5257) |
15/10/2003 |
RM40,000 |
2 years |
- |
9. |
Chop Kong Yick, Johor |
Chiang Sui Peng (570425-01-6353) |
27/06/2002 |
RM50,000 |
1 year |
- |
10. |
Rashidiya Trading Sdn Bhd, Alor Setar |
Khaleerurrahman a/l S.M.N Shaik Dawood (691009-71-5543) |
16/04/2002 |
RM7,000 |
- |
- |
11. |
Rahilah Resources, No. 62 Jln Wong Ah Fook, Johor Bahru |
Omar bin Hamzah (511103-05-5317) |
21/03/2002 |
RM45,000 |
2 years |
- |
12. |
Ocean Paradise Hotel Sdn Bhd, No. 66 Jln Wong Ah Fook, Johor Bahru |
Lim Meng Heng (340719-71-5201) |
21/03/2002 |
RM20,000 |
1 year |
- |
13. |
Perniagaan SangSuria No. 64 Jln Wong Ah Fook,Johor Bahru |
Maznah bt Ali (651101-05-5000] |
28/02/2002 |
RM30,000 |
2 years |
- |
Mohd Hassan b. Abdullah (450511-01-5019) |
RM30,000 |
- |
- |
|||
14. |
Restoran Ramzan |
Noor Mohamed Mohamad Ibrahim (541004-12-5049) |
13/12/2001 |
RM80,000 |
1 year |
- |
15. |
BNI - Agency Sg. Way |
Lee Choon Beng (600323-07-5699) |
16/01/2001 |
RM38,000 |
- |
- |
16. |
Naskah Enterprise |
Junaith Asharab b. Md Sharif (720419-71-5065) |
11/09/2000 |
RM50,000 |
5 months |
- |
17. |
Zack Store |
Segu Nizamudin bin Hamid (710909-71-5339) |
22/08/2000 |
RM40,000 |
- |
- |
|
| ^back to Enforcement Actions |
E. Money-Changing Act 1998: Section 24(1) - Use of the word 'money changer' or similar name without approval
No. |
Name of Case |
Accused (Individual or Company Charged) |
Date of Conviction |
Punishment |
||
Fine |
In Default (Fine) |
Imprison- ment |
||||
1. |
Permanent Revenue Sdn Bhd |
Mohamed Redzuan Adam Shah (750204-07-5323) |
30/07/2004 |
RM20,000 |
1 year |
- |
Mohamed Furwez Adam Shah (760424-07-5789) |
RM20,000 |
1 year |
- |
|||
2. |
Syarikat Sri Alam |
Bazeer Ahmed a/l Mohamed Ibrahim (560619-71-5162) |
13/11/2003 |
RM1,000 |
|
- |
3. |
No. 28 Jalan Wong Ah Fook |
Ariff Tan Abdullah (620515-04-5257) |
15/10/200 |
RM10,000 |
1 year |
- |
4. |
Rashidiya Trading Sdn Bhd |
Khaleerurrahman a/l S.M.N Shaik Dawood (691009-71-5543)
|
16/04/2002 |
RM8,000
|
-
|
-
|
5. |
Perniagaan SangSuria No. 64 , Jln Wong Ah Fook, Johor Bahru |
Maznah bt Ali (651101-05-5000) |
28/02/2002 |
RM20,000 |
2 years |
- |
Mohd Hassan bin Abdullah (450511-01-5019) |
RM20,000 |
- |
- |
|||
6. |
Bintang BNI Services |
Tan Soon Chai |
28/03/2001 |
RM60,000 |
6 months |
- |
Ng Kong Nam |
RM30,000 |
6 months |
- |
|||
|
| ^back to Enforcement Actions |
F. Money-Changing Act 1998: Section 29(1) - Exceeding holding limit of foreign currencies of RM250,000 equivalent
No. |
Name of Case |
Accused (Individual or Company Charged) |
Date of Conviction |
Punishment |
||
Fine |
In Default (Fine) |
Imprison- ment |
||||
1. |
ARC Money Changers Sdn Bhd (2 counts) |
ARC Money Changers Sdn Bhd (No. Syarikat: 231885-H) |
24/11/2009 |
RM20,000
|
2 months 
Last Updated Date : 06 April 2010
Best viewed 1024 x 768 with Internet Explorer 7.0 and Mozilla Firefox 3+
Total of Unique Visitor Since 1st January 2010 : Last Updated Date : 19 May 2013 | |
