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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.
THE Malaysian Association of Money Services Business (MAMSB) supported by the Malaysia Digital Economy Corporation (MDEC), hosted a two-day Money Services Business Asia Pacific Conference 2017 (MAPC 2017) at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur.
KUALA LUMPUR: Bank Negara Malaysia raided eight premises along Jalan Tuanku Abdul Rahman and Jalan Dato’ Keramat here on Tuesday for carrying out money changing and remittance business activities without a licence.
KUALA LUMPUR: Bank Negara Malaysia and the police raided five premises in Johor on Wednesday for carrying out money services business without a licence.
PETALING JAYA: Oslo-based Telenor Group, which is eyeing a stronger footing in the mobile financial services landscape, has acquired Prabhu Money Transfer Sdn Bhd, a licensed money services business based in Malaysia providing international remittance services. Telenor would be acquiring the entire share capital in Prabhu.
KUALA LUMPUR: The Malaysian Association of Money Services Business (MAMSB) is cautioning the public to be vigilant about illegal money changers or remittance operators.