Kindly be informed that the Malaysian Association of Money Services Business (MAMSB) will be conducting an Online Briefing Session on Illegal Money Services Business Operators, as following details:
Platform : Microsoft Teams Meeting (link will be provided to confirmed participants)
MAMSB is a national association that supervises and facilitates licensees under the Money Services Business Act 2011 (MSBA) as well as those enterprises that have been approved as money services business (MSB) agents to principal licensees under the MSBA.
One of the many objectives of MAMSB’s is to create awareness on the mushrooming of illegal MSB operators in the country and to find ways and means to mitigate this national problem. Since Ministry of Tourism Art and Culture (MOTAC) and Ministry of Finance (MOF) recognise the interoperability of both the tourism with the MSB industry, MAMSB in line with BNM’s vision to mitigate the problem, would like to connect with the local tourist agents to create awareness on the fundamentals of money services business. Some of the areas that will be covered by MAMSB include:
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Overview of MAMSB and MSB industry
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Using legal channels for changing money and remittance
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Recognising a licensed MSB operator
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Lodging a complaint and giving feedback
We encourage all our agents to participate in this national agenda to ensure that money changing like tourism business in done in a legal and safe manner in our country.
Members interested to participate, kindly click below link to register: https://forms.gle/FyRGPzTfZPCeZEbF7
Should you have any enquiry, kindly contact MATTA Secretariat, Pn. Salbiah at 03-92221155 or Ms Chitra (CEO of MAMSB) at chitra@mamsb.org.my.
Thank you.
NIGEL WONG
Honorary Treasurer
Term 2021-2023