: The Dewan Rakyat has passed the Money Services Business Bill 2024 with more affirmative votes.after the committee considered the proposed motions without amendments.
“The amendments to this bill encompass four main considerations, namely, the need to strengthen efforts to curb unlicensed money services businesses due to the significant negative impact on the country’s economy and taking into account various Hawala modus operandi to ensure appropriate enforcement actions are taken.