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. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Muhibbah Engineering-led consortium bags RM322mil job from PETRONAS Carigali
32 companies awarded FiT quotas, set to generate RM1.14bil investments
Bursa Malaysia gives up earlier gains to end lower
Bonia unit to acquire KL property for RM35.51mil
Sunview unit undertakes EPCC of solar energy facility for RM122mil
Gamuda to acquire 30% stake in ERS Energy for RM200mil
China stocks fall on profit-taking following new Covid easing measures
Bank Negara's international reserves rise to US$109.7bil as at Nov 30
CIMB launches sustainability-linked Treasury programme with pioneering clients Farm Fresh and Sunway
India central bank raises key rate, says inflation battle not over

Others Also Read