On 12 February 2019, Bank Negara Malaysia (BNM) raided eight premises conducting money changing and remittance business activities without a license granted under section 7(1) of Money Services Business Act 2011 (MSBA), which is an offence under section 4(1) of MSBA.
To enable the Bank to meet the objectives of a central bank, it is vested with comprehensive legal powers under the following legislation to regulate and supervise the financial system.
RINGGIT is a joint-effort publication between FOMCA and Bank Negara Malaysia. This collaboration creates greater outreach in our effort to improve the consumer awareness on financial issues.
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