More than RM18 mln seized in joint raid on illegal money services business networks

KUALA LUMPUR: Bank Negara Malaysia ( BNM) has conducted a joint raid on illegal money services business networks and seized cash ( both ringgit and foreign currencies), gold wafers and luxury vehicles valued at more than RM18 million.

The operation was conducted together with the National Revenue Recovery Enforcement Team of the Attorney- General’s Chambers (NRRET), the Police and Immigration Department.

BNM said in a statement here yesterday that 14 premises, including three operated by licensed money services business operators in Kuala Lumpur and Selangor, were raided.

Relevant documents were seized and bank accounts frozen to facilitate investigation. — Bernama