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Enforcement Action

The following is a collection of notices published by the Bank regarding enforcement action carried out against unscrupulous parties


Enforcement Action Against Company Conducting Illegal Deposit Taking - Koperasi Dinar Dirham Berhad

29 Nov 2017

A joint raiding operation was conducted on Koperasi Dinar Dirham Berhad on 28 November 2017 led by Bank Negara Malaysia together with the National Revenue Recovery Enforcement Team of the Attorney-General’s Chamber (NRRET), Royal Malaysian Police (RMP), Malaysia Co-Operative Societies Commission (SKM) and Cyber Security Malaysia (CSM). Koperasi Dinar Dirham Berhad was suspected to have committed an offence under the Financial Services Act 2013 (FSA) and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). The joint raiding operation is one of the continuous inter-agencies measures to eradicate illegal financial scheme activities.

Click here to read the full statement.


Enforcement Action against Company Conducting Illegal Deposit Taking

20 Sep 2017

A joint raid was conducted on MGSB Berhad led by Bank Negara Malaysia together with the National Revenue Recovery Enforcement Team of the Attorney-General’s Chamber (NRRET), Royal Malaysian Police (RMP) and Companies Commission of Malaysia (SSM) on 15 September 2017. MGSB Berhad was raided for suspected offence under the Financial Services Act 2013 (FSA) and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). The joint raid was one of the continuous inter-agencies measures to eradicate illegal financial scheme activities.

Click here to read the full statement.


Enforcement Action on Illegal Money Services Business Premises

23 Aug 2017

Bank Negara Malaysia on 17 August 2017 raided five premises located in Perak, Pahang and Negeri Sembilan. These premises were raided for suspected offences under the Money Services Business Act 2011 (MSBA) and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA). The raids were conducted on DJ Travel & Tour Sdn. Bhd. in Lumut and Sitiawan, Fathima Warisan Enterprise in Giant Supermarket Senawang, and Habeeb Textiles in Kuantan and Muadzam Shah where relevant documents, cash and foreign currencies were seized. In the same raiding operations, four illegal immigrants who were involved in manning the premises were detained by the Immigration Department of Malaysia.

Click here to read the full statement.