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Enforcement Action Against Illegal Money Services Business Operators in Sibu, Sarawak

Release Date: 08 May 2019

On 3 May 2019, Bank Negara Malaysia (BNM) charged five individuals at the Sibu Sessions Courts for conducting illegal remittance activities without a license under section 7(1) of Money Services Business Act 2011 (MSBA), an offence under section 4(1) of MSBA and the usage of the words “money services business” without approval, which contravened section 23(1) of MSBA.

All of the accused claimed trial and the Court set bail as follows:

  1. Hu Peng Hing (NRIC: 851008-13-6531) claimed trial to two charges against him and the Court set bail at RM10,000 for each charge with one surety and ordered him to surrender his international passport to the Court. An additional bail of RM80,000 shall be imposed and Warrant of Arrest will be issued if the accused fails to appear in Court during case management.

  2. Tiong Kung Ing (NRIC: 741031-13-5169), owner of Add Me Telecommunication Trading, claimed trial to two charges against him and the Court set bail at RM5,000 for each charge with one surety and ordered him to surrender his international passport to the Court. An additional bail of RM80,000 shall be imposed and Warrant of Arrest will be issued if the accused fails to appear in Court during case management.

  3. Maria Linda Antoni (Passport No: AT854566), claimed trial to two charges against her and the Court set bail at RM5,000 for each charge with one surety and ordered her to surrender her international passport to the Court. An additional bail of RM80,000 shall be imposed and Warrant of Arrest will be issued if the accused fails to appear in Court during case management.

  4. Ting Ling Ling (NRIC: 890728-13-5854), owner of Liang Liang Mobile Trading Co and Liang Mobile, claimed trial to two charges against her and the Court set bail at RM50,000 with one surety and ordered her to surrender her international passport to the Court.

  5. Matthew Ngu Yew Mieng (NRIC: 940207-13-5587) claimed trial to two charges against him and the Court set bail at RM50,000 with one surety and ordered him to surrender his international passport to the Court.

The Court fixed 21 June 2019 for case management on all cases.

Foreign currencies found in the premises were also seized for further investigation under Section 4(1) of Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Earlier on 29 April 2019, BNM in collaboration with the Royal Malaysia Police, raided eight illegal remittance operators at various locations in Sibu, Sarawak. The raiding exercise is part of the continuous enforcement actions undertaken by BNM to protect members of the public against potential financial losses when dealing with unlicensed entities. As such, members of the public are advised not to deal with or conduct any money changing or remittance transactions with illegal money services business operators and their agents.

Any person who conducts transactions with an illegal money services business operator does so at his own risk, and appropriate legal action can be taken against him by the relevant authorities. Members of the public are advised to refer to the list of licensed money services business operators on BNM's website (www.bnm.gov.my).

© Bank Negara Malaysia, 2019. All rights reserved.