Bank Negara Malaysia would like to caution members of the public on claims that large funds from abroad are unable to be brought into Malaysia by an individual or a company without prior approval from Government agencies. These claims are made to deceive the public and convince them to participate in such transaction in return for a large sum of money.

Malaysia adopts a liberal policy in facilitating foreign investment. Neither Bank Negara Malaysia nor any other Government agency imposes any restriction for foreign investors to invest in any form of ringgit assets in Malaysia.

Below are some guidance that may help the public to identify dubious transactions:

• Absence of verifiable legal documents detailing the incoming funds from abroad;
• No or lack of public information about the funder of such large funds;
• Claims that a Government agency is withholding the funds, amongst others due to SWIFT code problem or pending remittance clearance; or
• Claims by individuals or companies that the transaction is supported by high-level officials in Government agencies to establish a false sense of legitimacy.

Bank Negara Malaysia wishes to advise the public to take proper due diligence before getting involved in such transaction or purported investment to avoid monetary loss.

The public may contact BNMTELELINK at 1300-88-5465 or email [email protected] to report or enquire on potentially suspicious or dubious cases.

Click here to view samples of dubious transactions letters.