Mbi Mface Bank Negara

Illegal money services business activities.

Mbi mface bank negara. Both companies are on bank negara malaysia s alert list for unlicensed activities which contains over 300 companies. Mface is a unit of mbi group international sdn bhd. Mface director kau was fined rm5 million for receiving rm8 208 453 32 which were proceeds from unlawful activities through a current account belonging to. The accounts had a total of rm30 million.

Seem like money games. This news will cause some anxiety. The other company mbi and its director teow were fined rm2 5 million and rm3 million respectively for issuing electronic payments without the approval by bank negara at the same place. During the raids yesterday four bank accounts belonging to a relative of a suspect in the mface club scheme under mbi group were frozen.

Mbi international sdn bhd and mface international sdn bhd large entities heavily involved in penang and elsewhere have been finally included in bank negara s latest list of 302 known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by bnm. Mbi international mface in bank negara s latest alert list pada 23 5 2017 jumlah. Bank negara just blacklist them last year and give bank negara some time to do their job as they have to focus on the election in 2018 and after that the. So mbi mface is the same right.

648 hits this news will cause some anxiety mbi international sdn bhd and mface international sdn bhd large entities heavily involved in penang and elsewhere have been finally included in bank negara s latest list of 302 known companies and websites. Mface tersenarai dalam watchlist bank negara setelah 6 tahun beroperasi pak teh may 22 2017 7 51 pm may 31 2017 selepas monspace m sdn bhd kini giliran mbi international sdn bhd dan mface international sdn bhd 978203 v telah diletakkan dalam alert list atau bahasa kasarnya blacklist bank negara malaysia bnm berkuatkuasa 22 mei 2017 untuk aktiviti tidak berlesen. Some investors that sunbiz spoke to last year said they had earned handsome profits from the scheme through networking particularly the early batch of investors. Mface issues mcoin a digital currency that has been used in penang and kuala lumpur including to redeem goods at dedicated malls dubbed m mall.

They are not well known till know in penang and some parts of malaysia. When contacted a bank negara spokesman declined to comment on mbi and mface except to say that the media will be alerted if there are further developments. Among the illegal financial activities that could be reported to bnm are. Illegal foreign exchange trading scheme.