Illegal Foreign Exchange Trading Scheme refers to the buying or selling of foreign currency by an individual or company in Malaysia with any person who is not a licensed onshore bank or any person who has not obtained the approval of Bank Negara Malaysia under the Financial Services Act or Islamic Financial Services Act This scheme involves the act of buying or borrowing foreign currencies from or selling or lending foreign currencies to a non-licensed onshore bank.

It can also be in the situation where the non-licensed onshore bank does an act that involves, is in association with, or is preparatory to, buying or borrowing foreign currencies from, or selling or lending foreign currencies to, any person outside Malaysia.

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Licensed onshore banks to conduct foreign currency trading in Malaysia are as follows:. You can report directly to Bank Negara Malaysia via the following communication channels:. I want to find out more on types of financial fraud and how to protect myself.

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I'm a victim of financial fraud, what should I do? I want to report a fraud.

I want to find out what actions have been taken by Bank Negara Malaysia to date. Welcome to the Financial Fraud Alert Website of Bank Negara Malaysia.

Sunday, 25 May Avoid Becoming a Victim. Illegal Internet Investment Scheme. Illegal Foreign Exchange Trading Scheme.

Unauthorised Use of Credit or Debit Card. Misuse of Bank Negara Malaysia and Senior Officers' Names and Positions. I want to find out more on types of financial fraud and how to protect myself I'm a victim of financial fraud, what should I do?

I want to report a fraud Apply for Remittance Business Permission Notice I want to find out what actions have been taken by Bank Negara Malaysia to date.

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