Translate
30 March 2017
12 suspects including eight foreign nationals were arrested and more than RM18mil in cash and assets were seized in joint anti-money laundering raids
BNM's joint anti-money laundering raids nab 12 suspects, RM18m seized
KUALA LUMPUR: Twelve suspects including eight foreign nationals were arrested and more than RM18mil in cash and assets were seized in joint anti-money laundering raids by the authorities.
Bank Negara Malaysia (BNM) said on Thursday that 14 premises, including three premises operated by licensed money services business operators, in Kuala Lumpur and Selangor were raided recently.
To facilitate the investigation, relevant documents were seized and bank accounts were frozen.
During the raid, eight foreigners were among the 12 suspects arrested and remanded while 23 individuals were questioned.
ADVERTISING
The joint raiding operation also resulted in the seizure of cash (both ringgit and foreign currencies), gold wafers and luxury vehicles valued at more than RM18mil.
BNM together with the National Revenue Recovery Enforcement Team of the Attorney-General's Chambers, police and Immigration Department were involved in the raids on networks of illegal money services business operators.
These premises were raided for suspected offences under the Money Services Business Act 2011 (MSBA) and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA).
BNM warned that any person who carries out money services business activities, such as money changing and remittances, without a licence commits an offence under section 4(1) of the MSBA. The offernders face a fine not exceeding RM5mil or imprisonment not exceeding 10 years or both.
Any person who engages in money laundering activities commits an offence under section 4(1) of AMLATFA and face imprisonment not exceeding 15 years and 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 RM5mil, whichever is higher.
BNM advised the public not to conduct any money changing or remittance transactions with illegal money services business operators.
“Members of the public should conduct their transactions only with licensed money services business operators which are listed on BNM's website,” it said.
Read more at http://www.thestar.com.my/business/business-news/2017/03/30/bnm-joint-anti-money-laundering-raids-nab-12-suspects-rm18m-seized/#whchzjuMDcJc4ZIP.99
Popular Posts - Last 7 days
-
Maybank Singapore withdraws lawsuit against NFC chairman, children over housing loans Bernama Julai 12, 2022 Maybank Singapore Limited has...
-
COVID-19: New cases in Malaysia take a slight dip again Melissa Fernando ASTRO AWANI Julai 19, 2022 12:00 MYT COVID-19: New cases in Malays...
-
Wan Saiful confirms he is no longer PTPTN chairman Bernama Julai 12, 2022 Bersatu Information chief Datuk Wan Saiful Wan Jan today confirm...
-
Socso suspends RM423 million PenjanaKerjaya payments Bernama Julai 15, 2022 Socso chief executive officer Datuk Seri Dr Mohammed Azman Azi...
-
Naz Empire's defamation lawsuit against Awal Ashaari to go to trial as mediation fails Bernama Julai 12, 2022 The defamation lawsuit f...
-
Seven million Malaysians yet to take booster dose against COVID-19 - PM Bernama Julai 11, 2022 Prime Minister Datuk Seri Ismail Sabri Yaako...
-
MH17 tragedy: Dewan Rakyat expresses condolences to families of passengers, crew Bernama Julai 18, 2022 The Dewan Rakyat today marked the ...
-
No 10m Platform Medal But Pandelela & Dhabitah Are More Determined Than Ever Our hearts nearly leaped out of our chests when we heard...
-
Kedah MB: ECK no longer part of Kulim airport project Bernama Julai 13, 2022 Muhammad Sanusi announced that the ECK Group of Companies (EC...
Popular Posts - Last 30 days
-
A man was stabbed to death by his lover who was a part-time model in an incident at a condominium unit in Kota Kemuning here on Monday. It i...
-
Paris court grants Malaysia's application to suspend claims by purported heirs of Sultan Jamalul Kiram II Bernama Julai 13, 2022 Dr Wa...
-
Maybank Singapore withdraws lawsuit against NFC chairman, children over housing loans Bernama Julai 12, 2022 Maybank Singapore Limited has...
-
Motorcycle crash: Couple accept casualties to twin children as fate Bernama Julai 17, 2022 A couple lost a child while another suffered se...
-
Wan Saiful confirms he is no longer PTPTN chairman Bernama Julai 12, 2022 Bersatu Information chief Datuk Wan Saiful Wan Jan today confirm...
-
COVID-19: New cases in Malaysia take a slight dip again Melissa Fernando ASTRO AWANI Julai 19, 2022 12:00 MYT COVID-19: New cases in Malays...
-
MH17 tragedy: Dewan Rakyat expresses condolences to families of passengers, crew Bernama Julai 18, 2022 The Dewan Rakyat today marked the ...
-
Malaysian Space Board to be fully launched early next year - Dr Adham Bernama Julai 18, 2022 The Malaysian Space Board will be fully launc...
-
Naz Empire's defamation lawsuit against Awal Ashaari to go to trial as mediation fails Bernama Julai 12, 2022 The defamation lawsuit f...
-
Kedah MB: ECK no longer part of Kulim airport project Bernama Julai 13, 2022 Muhammad Sanusi announced that the ECK Group of Companies (EC...
Blog Archive
-
►
2023
(3771)
- December (311)
- November (322)
- October (286)
- September (288)
- August (365)
- July (349)
- June (372)
- May (316)
- April (279)
- March (301)
- February (245)
- January (337)
-
►
2022
(4309)
- December (352)
- November (422)
- October (288)
- September (281)
- August (347)
- July (303)
- June (335)
- May (406)
- April (341)
- March (371)
- February (390)
- January (473)
-
►
2021
(9030)
- December (636)
- November (647)
- October (809)
- September (797)
- August (880)
- July (894)
- June (747)
- May (780)
- April (580)
- March (629)
- February (643)
- January (988)
-
►
2020
(6800)
- December (819)
- November (698)
- October (832)
- September (729)
- August (548)
- July (558)
- June (615)
- May (394)
- April (368)
- March (453)
- February (439)
- January (347)
-
►
2019
(4089)
- December (411)
- November (425)
- October (375)
- September (279)
- August (397)
- July (353)
- June (326)
- May (315)
- April (266)
- March (318)
- February (293)
- January (331)
-
►
2018
(4100)
- December (305)
- November (304)
- October (357)
- September (352)
- August (420)
- July (442)
- June (366)
- May (412)
- April (343)
- March (275)
- February (233)
- January (291)
-
▼
2017
(3888)
- December (268)
- November (293)
- October (352)
- September (309)
- August (356)
- July (300)
- June (319)
- May (354)
- April (316)
- March (335)
- February (306)
- January (380)
-
►
2016
(4563)
- December (331)
- November (328)
- October (378)
- September (415)
- August (404)
- July (380)
- June (310)
- May (370)
- April (430)
- March (484)
- February (355)
- January (378)
-
►
2015
(4588)
- December (402)
- November (392)
- October (393)
- September (375)
- August (450)
- July (392)
- June (456)
- May (407)
- April (408)
- March (374)
- February (262)
- January (277)