Immigration Dept seizes RM3.6mil, arrests 10 foreigners in illegal remittance operation

The Star

The Immigration Department seized RM3.6mil and arrested 10 foreign nationals in a special operation targeting an illegal money transfer syndicate in Klang, Selangor and Brickfields, Kuala Lumpur on Feb 6.  Read more at https://tinyurl.com/d8kxrdms  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00The Immigration Department seized 3.6 million ringgit

00:03and arrested 10 foreign nationals in a special operation

00:07against an illegal money transfer syndicate in Klang and Brickfields.

00:11Jointly conducted with Bank Negara Malaysia and Cyber Security Malaysia,

00:16the raid uncovered foreign currencies including 1,400 euros,

00:2010,000 yuan and gold jewellery linked to illicit transactions.

00:25Those who were arrested are from India and Indonesia.

00:29Three of them misused their passes, two overstayed and five others lacked valid documents.

00:35The Immigration Department said the syndicate, which had been active for a year,

00:39operated under the guise of grocery stores and eateries,

00:43processing between 15,000 ringgit and 60,000 ringgit daily,

00:48with transactions peaking at 110,000 ringgit during festive seasons.

00:53The money was primarily transferred to Indonesia and India.

00:57Authorities suspect the syndicate used gold jewellery to smuggle illicit funds,

01:02bypassing official financial channels.

01:05They said the case is being investigated under the Immigration Act,

01:08along with anti-money laundering and other money services laws.

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