MBI, Mface placed on Bank Negara's financial alerts


According to UBS, Bank Negara is likely to cut its overnight policy rate by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.

KUALA LUMPUR: MBI International Sdn Bhd and Mface International have been placed on Bank Negara Malaysia's (BNM) alert list with effect from Monday for unlicensed activities.

According to BNM's website, both companies were added to to list of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by the central bank. 

The list of 302 companies was to alert the members of the public a list of unauthorised and nor approved companies and websites.

MBI International and Mface International have the same website, is  which is http://www.mbiv2u.com/

BNM also said the list of companies and websites was not exhaustive and only serves as a guide to members of the public based on information and queries received by BNM.

“The list will be updated regularly for public's reference,” it said. Click here http://www.bnm.gov.my/index.php?ch=en_financialconsumeralert

Only financial institutions, that is banks, insurance companies and takaful operators as well as money changers, remittance service providers and currency wholesalers (currently known as "the money services business") licensed by BNM under the relevant laws and regulations administered by BNM are allowed to provide financial services in Malaysia. 

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Decoding the tech sector
Diversifying beyond debt
Healthy profits, costly care
Love-hate with Chinese goods
Move it forward with movable property law
What next after midterms?
US stocks: Midterm rally at risk?
Hedge fund pioneer tweaks playbook
BIGGEST RISK?ARECA CAPITAL INSIGHTS: IS MARKET VOLATILITY REALLY YOUR PORTFOLIO’S
Chinese fashion brands going global

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read