BNM joint raid snags as­sets worth RM18m, 12 de­tained

New Straits Times - - News -

KUALA LUMPUR: The au­thor­i­ties ar­rested four Malaysians and eight for­eign­ers in raids on 14 premises, in­clud­ing three li­censed money ser­vices op­er­a­tions, in the Klang Val­ley re­cently.

They also ques­tioned 23 peo­ple to fa­cil­i­tate in­ves­ti­ga­tions into of­fences un­der the Money Ser­vices Busi­ness Act 2011 (MSBA) and the Anti-Money Laun­der­ing, Anti-Ter­ror­ism Fi­nanc­ing and Pro­ceeds of Un­law­ful Ac­tiv­i­ties Act 2001 (AM­LATFA).

Bank Ne­gara yes­ter­day said the raid­ing party seized sev­eral doc­u­ments and froze a num­ber of bank ac­counts.

The joint op­er­a­tion, led by Bank Ne­gara, saw the seizure of ring­git and for­eign cur­ren­cies, gold wafers and lux­ury ve­hi­cles worth more than RM18 mil­lion.

Agen­cies in­volved in the joint raid in­cluded the Na­tional Rev­enue Re­cov­ery En­force­ment Team of the At­tor­ney-Gen­eral’s Cham­bers, po­lice and the Im­mi­gra­tion De­part­ment.

“The premises were raided for sus­pected of­fences un­der MSBA and AM­LATFA,” the state­ment said.

“Any­one car­ry­ing out busi­ness ac­tiv­i­ties, such as money chang­ing and re­mit­tances with­out a li­cence, com­mits an of­fence un­der Sec­tion 4(1) of the MSBA and shall be li­able to a fine not ex­ceed­ing RM5 mil­lion or im­pris­on­ment not ex­ceed­ing 10 years or both.

“Any per­son who en­gages in money laun­der­ing ac­tiv­i­ties com­mits an of­fence un­der Sec­tion 4(1) of AM­LATFA and shall be li­able to im­pris­on­ment not ex­ceed­ing 15 years and a fine of not less than five times the sum or value of the pro­ceeds of an un­law­ful ac­tiv­ity or in­stru­men­tal­i­ties at the time the of­fence was com­mit­ted or RM5 mil­lion, whichever is higher.”

Bank Ne­gara urged the pub­lic not to con­duct money chang­ing or re­mit­tance trans­ac­tions with il­le­gal op­er­a­tors, and to deal only with li­censed money ser­vices busi­ness op­er­a­tors listed on the Bank Ne­gara web­site.

“Those who con­duct trans­ac­tions with a il­le­gal money ser­vices busi­ness op­er­a­tors does so at own risk, and ap­pro­pri­ate le­gal ac­tion can be taken against them by the au­thor­i­ties.”

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