Bank Negara Malaysia raids MGSB Berhad over suspect activities
21 Sep 2017

Bank Negara Malaysia on Wednesday led a joint raid on MGSB Berhad 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 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.

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