On 4 December 2019, Bank Negara Malaysia (BNM) in collaboration with the Royal Malaysia Police raided five premises in Johor for carrying out money services business without a license under section 7(1) of Money Services Business Act 2011 (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.
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