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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
Malaysia
Telephone: (6) 03-2698 8044 ext 8211 or 8233 Fax: (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.

References
  1. The official website of Bank Negara Malaysia


Reprinted with permission from BankingInfo (A Consumer Education Programme)


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Knowledge Base ID :   1191
Last Reviewed :   April 25, 2014
Source :   BankingInfo
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