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: 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 or BNM at

Awareness Videos on Money Services Business

Ways to identify formal MSB channels
Digital MSB Services
Penalty for carrying out money changing or remittance business without licence


Courtesy Visit by MAMSB to the
MACC Headquarters in Putrajaya


Launching of MSB
Advisor App

Launching of MSB Advisor App