On 3 November 2014, Bank Negara Malaysia (BNM) raided the premises of Jasa Kembar Sdn. Bhd. (911832-A) and Lancar Borneo Sdn. Bhd. (1048507-D) in Kuala Lumpur. These companies were raided for suspected offence of carrying out remittance business activities without a licence under section 4(1) of the Money Services Business Act 2011 (MSBA). The companies are also being investigated for engaging in money laundering activities, which is an offence under section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). 

The raids were conducted with the Royal Malaysia Police and CyberSecurity Malaysia. The premises of the agents of these companies and the residences of the directors of both companies were also raided. Relevant assets and documents of the companies were seized and their bank accounts were frozen for the purpose of the investigation.

Members of the public are advised not to deal or remit money through these two companies and their agents. Members of the public should not use the services of illegal operators since they will not be protected against any financial loss given the absence of a proper complaint and redress mechanism in the event of a dispute. Furthermore, there is no assurance that the remitted monies would reach the intended beneficiary.

Any person or company who commits an offence under section 4(1) of the MSBA shall, on conviction, be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding ten years or to both. Any person or company who commits an offence under section 4(1) of AMLA shall on conviction be liable to imprisonment for a term not exceeding fifteen years and shall also be liable to a fine of not less than five times the sum or value of the proceeds of an unlawful activity or instrumentalities at the time the offence was committed or five million ringgit, whichever is the higher.

A list of licensed remittance operators and authorised agents are available on BNM’s website at www.bnm.gov.my.

For further inquiries, members of the public can contact BNM at the following contact points:

Laman Informasi Nasihat dan Khidmat (BNMLINK)
(Walk-in Customer Service Centre)
Ground Floor, Block D
Jalan Dato’ Onn 
 50480 Kuala Lumpur
 
BNMTELELINK
(Customer Service Call Centre)
Tel: 1-300-88-5465
Email: [email protected]