KUALA LUMPUR: Bank Negara has commenced investigations into The Gold Label Sdn Bhd on suspicion of conducting illegal deposit taking and money laundering activities.
The company is being investigated under subsection 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and sub-section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) respectively, Bank Negara said in a statement here yesterday.
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