BNM imposes penalties on 13 money services business licensees
KUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMPs) of between RM1,500 and RM2,000 on 13 money services business (MSB) licensees following their failure to meet minimum capital fund requirements between July 2025 and December 2025. BNM listed Foo In Sdn Bhd; Starling Peak International Sdn Bhd (formerly known as Hijarah Traders Sdn Bhd); Tukaran Baik Sdn Bhd; DB Global Exchange Sdn Bhd, Best Rate Galaxy Sdn Bhd; First Million Avenue Sdn Bhd; Popular Forex Sdn Bhd; Kabir Exchange Sdn Bhd (formerly known as Cendral Sdn Bhd); Mubarak Forex Exchange Sdn Bhd; True Ringgit Sdn Bhd; Alif […]
