KUALA LUMPUR, Nov 25 – Bank Negara Malaysia (BNM) has raided the offices of two companies here on suspicion of their having conducted the remittance business without a licence, the central bank said today. It said in a statement that the raids were made early this month in collaboration with the police and CyberSecurity Malaysia, and that raids were also conducted on the companies’ agents and the houses of the directors of the two firms.
“The assets and documents of the companies were seized and their bank accounts were frozen pending investigations,” said the statement. The BNM statement said the raids were conducted under section 4(1) of the Money Services Business Act 2011.
The two companies were being investigated for having committed money laundering, which was an offence under section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, it added.
BNM advised the people against conducting transactions or remitting money through unlicensed remittance operators or agents. A list of licensed remittance operators and registered agents can be obtained from the BNM website at www.bnm.gov.my, it said.