BNM Imposes Hefty Fines: Merchantrade Asia Hit with RM29,000 Penalty for Breaching Money Services Business Act
2025-04-30
Free Malaysia Today
In a move to regulate and ensure compliance with the Money Services Business Act, Bank Negara Malaysia (BNM) has slapped Merchantrade Asia Sdn Bhd with a substantial penalty of RM29,000. Additionally, JAGS Money Sdn Bhd has been fined RM6,000 for sim ...Read more