19 licenses was revoked last April, 2009.
Bank Negara Malaysia has revoked the money-changing licences of the money-changers issued under the Money-Changing Act 1998, as follows:1. Al Moulana Traders Sdn. Bhd.
2. M.M. J. Exchange Sdn. Bhd.
3. Salamath Ali Money Changer Sdn. Bhd.
4. BTC Enterprise Sdn. Bhd.
5. De Laville Sdn. Bhd.
6. Flexi One Sdn. Bhd.
7. Gemilang Iris Sdn. Bhd.
8. Hawaii Hotel Sdn. Bhd.
9. Ideal Stamina Sdn. Bhd.
10. Intra-Artni Sdn. Bhd.
11. Kawalan Vila Sdn. Bhd.
12. Panca Suci Sdn. Bhd.
13. Pengurup Wang Tiram Sdn. Bhd.
14. Pua Say BeeTrading Sdn. Bhd.
15. Sri Panju Sdn. Bhd.
16. SS International Capital Ventures (M) Sdn. Bhd.
17. Sunrise Aim Sdn. Bhd.
18. Tanjung Intelek Sdn. Bhd.
19. THR Hotel (Penang) Sdn. Bhd. [Formerly known as Pernas OUE (Penang) Sdn. Bhd.]
20. Towards Century Sdn. Bhd.Members of the public are advised not to conduct money-changing transactions with these companies as they are no longer licensed to conduct such business in Malaysia.
The revocations should not unduly inconvenience members of the public as currently there are about 900 licensed money-changers in operation throughout the country and are adequate to serve the needs of tourists and travelers.
The list of licensed money-changers can be obtained from Bank Negara Malaysia’s website ( www.bnm.gov.my ).
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