PETALING JAYA: Bank Negara is currently investigating Mercantile Point Sdn Bhd, Sunshine Empire Sdn Bhd and their related companies suspected of conducting illegal deposit-taking and money-laundering activities.
The central bank said in a statement yesterday that these illegal activities were offences under subsection 25(1) of the Banking and Financial Institutions Act 1989 and subsection 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, respectively.
