KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia (BNM) has taken enforcement action against Najmuldin Exchanger and Nusantara Global Network over suspected contraventions of the Financial Services Act 2013 (FSA).
BNM Takes Action Against Two Entities Over Unapproved Advertising Of Foreign Currency Services
BNM, enforcement, action, foreign currency, advert
BE Bernama 
Key takeaways
Bank Negara Malaysia took enforcement action against two entities for advertising foreign currency services without approval. Police assisted in searching four premises in Kedah and Perak, seizing documents and digital devices for investigation.
- Najmuldin Exchanger and Nusantara Global Network face action for suspected contraventions of the Financial Services Act 2013.
- Four premises in Kedah and Perak were searched, with relevant documents and digital devices seized.
- BNM advises the public to avoid unlicensed foreign currency services to prevent complicity in illegal activities.
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