Two entities are under investigation by Bank Negara Malaysia (BNM) for allegedly advertising foreign currency exchange services without its written approval.
BNM searched four premises across Kedah and Perak on 3 November 2026 with assistance from the Royal Malaysia Police.
The operation targeted Najmuldin Exchanger and Nusantara Global Network.
Authorities seized documents, equipment, books and digital devices during the operation.
The entities are being investigated under the Financial Services Act 2013, which prohibits unauthorised advertising of foreign currency transactions.
Those convicted of breaching the prohibition face up to 10 years in prison, a fine of up to RM50 million, or both.
BNM also warned the public against dealing with unlicensed or unregistered entities offering foreign currency services, citing the risk of involvement in illegal activities.
Featured image: Edited by Fintech News Malaysia, based on image by BNM
