Beware of Scams Involving the Misuse of Money Services Business Company Names & Details
In recent months, there have been a number of scams and investment schemes involving the misuse
of Money Services Business (MSB) company names and details.
Members of the Malaysian Association of Money Services Business (“MAMSB”) (hereinafter referred
to as MAMSB Members) categorically deny involvement in any such scams and schemes. Their
principal activities are licensed wholesale/retail money changing and/or remittance business.
The full list of MAMSB Members is available via the following link:
https://www.bnm.gov.my/index.php?ch=fs&pg=fs_msb_regulatees&ac=134.
MAMSB Members who have been the subject of such scams and schemes have reported the matter
to the law enforcement agencies and relevant authorities so that appropriate action can be taken
against the perpetrators of such scams and schemes.
MAMSB would like to advise the public to be wary of promises of quick riches and not to invest in
any scams and other get rich quick schemes including those which involve the misuse of MAMSB
Members’ names and details.
In the event that the public becomes aware of such scams and schemes which involve the misuse of
MAMSB Members’ names and details, please report the matter to MAMSB at
admin@mamsb.org.my or BNM at bnmtelelink@bnm.gov.my.