Unlicensed deposit-taking firms raided

PETALING JAYA: Following public complaints, Bank Negara Malaysia (BNM) raided four companies — Buluhmas Enterprise Sdn Bhd, Jazmeen (M) Sdn Bhd, Noradaz Travel & Services Sdn Bhd and Eastana Farm Industries Sdn Bhd — on suspicion of involvement in illegal deposit-taking and money-laundering activities.

The four companies, based in Kuala Lumpur, Selangor and Negri Sembilan were raided under Section 25(1) of the Banking and Financial Institution Act (BAFIA) 1989 and Section 4(1) of the Anti Money Laundering and Anti Terrorism Financing Act (AMLATFA) 2001, BNM said in a statement yesterday.

-theedgedaily.com

Posted in: illegal, money-laundering