KUALA LUMPUR: The Malaysian Association of Money Services Business (MAMSB) has alerted all licensed money changers and remittance service providers to heighten their vigilance against any attempts by perpetrators to exchange or transfer illegally obtained monies.
The alert was done immediately after receiving information about the automated teller machine (ATM) heists.
In a statement here yesterday, MAMSB said all licensed money changers and remittance service providers were also required to strictly comply with the customer due diligence requirements under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
“The act also requires them to report to the relevant authorities of any suspicious transactions involving large amounts of monies,” it added. — Bernama