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Call for Public Feedback: Consultation Paper on the Proposed Amendments to the Money Services Business Act 2011

Release Date: 20 Mar 2019

This consultation paper outlines the proposed amendments to the Money Services Business Act 2011 (MSBA), with a view to enable more effective enforcement to stamp out illegal money services business (MSB) by unlicensed operators, and provide appropriate deterrents against non-compliances by licensed MSB.

Bank Negara Malaysia (the Bank) invites written feedback and comments on the proposed amendments. To facilitate the Bank’s assessment, please support each comment with clear rationale, accompanying evidence or illustrations where appropriate.   

Feedback and comments are to be submitted to the following address by 19 April 2019:

Pengarah
Jabatan Pengawalan Perniagaan Perkhidmatan Wang
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Email: msbareview@bnm.gov.my

Electronic submission is encouraged. To facilitate the Bank’s collation efforts, kindly use the form attached (Attachment) for your submission.

Attachment

  1. Consultation Paper on the Proposed Amendments to the Money Services Business Act 2011
  2. Feedback Form

Issuing Department
Money Services Business Regulation Department
 

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