KUALA LUMPUR: Bank Negara yesterday raided Pan Phoenix Dina Sdn Bhd and its related companies in Kota Baru and Kuala Lumpur over suspected illegal deposit-taking and money-laundering activities.
The central bank said the raids were carried out following complaints from the public. These illegal activities are offences under the Banking and Financial Institutions Act 1989 and the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
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