Malaysia – AML Closure MSBs

On 23 August, Bank of Malaysia enforcement on money service business.

  • Central bank raided five premises, located in Perak, Pahang and Negeri Sembilan.
  • Seized documents, cash, foreign currencies at DJ Travel & Tour, Fathima Warisan,
    Giant Supermarket in Senawang, Habeeb Textiles in Kuantan and Muadzam Shah.
  • Four illegal immigrants involved, were detained by the Immigration Department.


  • Charged with offences under the Money Services Business Act 2011 (MSBA), and
    AML, Anti-Terrorism Financing, Proceeds Unlawful Activities Act 2001 (AMLATFA).
  • Forex activity fine up to RM5mn or imprisonment not exceeding 10 years or both.
  • AMLATFA; jail not exceeding 15 years and fine to five times sum of the proceeds,
    of unlawful activity at time offence is committed, or RM5mn, whichever is higher.