KUALA LUMPUR: Bank Negara Malaysia (BNM) has led joint raids on MGSB Berhad and its affiliates for suspected illegal financial scheme activities under the Financial Services Act 2013 (FSA) and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).
The central bank in a statement yesterday said the raids on Sept 15 were regulated on seven premises related to MGSB and its affiliates located in Kajang, Bangi, Shah Alam, Selangor and Kuala Lumpur.
The raids, jointly conducted by National Revenue Recovery Enforcement Team of the Attorney-General’s Chamber, Royal Malaysia Police and Companies Commission of Malaysia, were part of the continuous inter-agency measures to eradicate such activities, according to the statement. — Bernama