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Enforcement Action

Bank Negara Malaysia established the Special Investigations Unit (SIU) in 1986 to conduct surveillance and investigate illegal financial schemes. This Unit essentially conducts search and seizure operations, and interview of witnesses to gather pertinent information towards successful prosecution of offenders.

The Bank takes seriously of such criminal offences and those breaking the law will be investigated and prosecuted. The Bank will not hesitate to take action against any illegal perpetrators.

The Bank maintains close working relationships with the Attorney General's Chambers as well as with other enforcement agencies such as the Polis Diraja Malaysia, Companies Commission Malaysia, Cooperatives Commission of Malaysia, Securities Commission Malaysia, Malaysian Anti- Corruption Commission, the Royal Customs of Malaysia, Ministry of Domestic Trade, Co-operatives and Consumerism and CyberSecurity Malaysia (formerly known as National ICT Security and Emergency Response, NISER).

Click on the links below to view the companies and individuals that have been charged, prosecuted and convicted for various illegal financial activities under the laws governed by the Bank:

  1. Use of the word 'bank' or similar name without approval
    Charged under: Banking and Financial Institutions Act 1989: Section 15(1)

  2. Receiving, taking or accepting deposits without valid license
    Charged under: Banking and Financial Institutions Act 1989: Section 25(1)

  3. Advertisement for Illegal Deposit Taking
    Charged under: Banking and Financial Institutions Act 1989: Section 27(A)

  4. Operating money services business without valid licence

  5. Use of the word 'money changer' or similar name without approval
    Charged under: Money-Changing Act 1998: Section 24(1)

  6. Exceeding holding limit of foreign currencies of RM250,000 equivalent
    Charged under: Money-Changing Act 1998: Section 29(1)

  7. Furnishing false information
    Charged under: Money-Changing Act 1998: Section 35(b)

  8. Dealings in foreign currency without permission of The Controller
    Charged under: Exchange Control Act 1953 : Section 4(1)

  9. Dealings in foreign currency without permission of The Controller
    Charged under: Exchange Control Act 1953 : Section 4(2)

  10. Dealings in foreign currency without permission of The Controller
    Charged under: Exchange Control Act 1953 : Section 10(1)

  11. Dealing with Foreign Currency without permission of The Controller
    Compounded for an offence under: Exchange Control Act 1953 : Section 10 (1)

  12. Money Laundering
    Charged under: Anti-Money Laundering and Anti-Terrorism Financing Act 2001 : Section 4(1)

Report fraud & scam, call 1300.88.5465

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