Malaysian central bank said that it raided four local companies on Monday, which were suspected of taking illegal deposits and money laundering.
The raids were conducted at the premises of the companies in Kuala Lumpur and the states of Selangor and Sembilan after the bank received complaints from the public, the bank said in a statement.
Relevant assets and documents of the companies, including a travel agency and a farm company, were seized for investigation, it said.
The action was taken according to the country's banking law and the Anti-Money Laundering and Anti-Terrorism Act, it added.
Malaysia's banking law prohibits any person from receiving, taking or accepting deposits without a valid license, according to the bank.
The country's Anti-Money Laundering and Anti-Terrorism Act prohibits any person from engaging in, or attempting to engage in, or abetting the commission of money laundering activities.
Any person or company violating the laws will face imprisonment and a fine, the bank said.
Source: Xinhua
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