How do I report illegal remittance activities? What action will be taken against illegal remittance agents?
How To Report Illegal Remittance Activities
If you suspect that someone is involved in providing illegal remittance services, you can lodge a report with Bank Negara Malaysia at the following address:
Foreign Exchange Administration Department
Bank Negara Malaysia
Jalan Dato' Onn, 50480 Kuala Lumpur
(6) 03-2698 8044 ext 8211 or 8233
(6) 03-2691 3266
Action Taken Against Illegal Remittance Agents
Bank Negara Malaysia 1 continuously monitors feedback and reports from members of the public on illegal remittance activities in Malaysia.
The Investigation Unit in Bank Negara Malaysia regularly conducts raids on agents suspected of providing illegal remittance services. Monies seized during raids are confiscated while the operators are punished according to the law.
- The official website of Bank Negara Malaysia
Reprinted with permission from BankingInfo (A Consumer Education Programme)
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