BNM wants code of conduct for money services business

KUALA LUMPUR: Bank Negara Malaysia (BNM) would like the money services business to establish a code of conduct for the industry in 2014 in order to instil professionalism and good business practices, said BNM Deputy Governor Datuk Muhammad Ibrahim.

In his speech during the official launching of the Malaysian Association of Money Services Business (MAMSB), Muhammad said the association – which governs the money-changing business, remittance business and wholesale currency business – should consider implementing a certification process.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Business News

Bursa Malaysia to see cautious trading next week Premium
Iconic Worldwide on track to become leading glove, face mask manufacturer Premium
Malaysia-focused Technology & Telecommunication Acquisition to list on Nasdaq Premium
CPO futures to trade lower next week on weaker exports Premium
Citigroup results show restructuring has its costs Premium
Oil's bull run rolls on despite possible China reserves release Premium
Early holiday shopping hammers US retail sales Premium
Netflix hikes prices in US, Canada for most subscription plans Premium
GLOBAL MARKETS-Stocks stumble, yields jump on rates outlook Premium
Sell dollar for everything else is echoing across trading rooms Premium

Others Also Read