Malaysian Association of Money Services Business

Malaysian Association of Money Services Business

Events

Capacity Building

> MSB Digital

  • Digital Initiatives
  • Capacity Building
  • Business Model & Expanding MSB Operations

Deliverable 1

Workshop on Review of BNM's Digital Requisition List

Deliverable 2

Workshop on Understanding Remittance Assessment Process

2021

02

Nov

Title

Review on BNM’s Digital Requisition List and Understanding Remittance Assessment Processes

Time

9.30 am to 11.30 (Review of DRL)
11.30am to 1.00pm (Assessment processes)

Attendees

61 pax

Deliverable 3

2021

08

Dec

Title

Workshop on IT Management & Cyber Risk Threats for SMEs in the MSB Industry

Time

9.30 am to 11.30 am

Attendees

219 pax

Deliverable 4

2022

22

Mar

Title

Focus Group: Product Design Sprint-overview for Innovators

Time

TBA

Attendees

TBA

Deliverable 5

The Malaysian Money Services Business Industry - Embracing Consolidation as a Key Enabler Towards Survivability

2021

08

Dec

Title

Webinar I : The MSB Industry – Embracing Consolidation as a Key Enabler Towards Survivability

Time

9.00 am to 12.00 pm

Attendees

66 pax

Deliverable 6

Webinar – M & A

2021

13

Oct

Title

Legal Perspective and Preparation for Consolidation on 13 October 2021

Time

1 Day / 2 Sessions

Attendees

36 pax

Deliverable 7

Webinar II: The MSB Industry – Towards A More Competitive National Ecosystem ( Title Tbc)

2022

TBC

Mar

Title

Time

TBC

Attendees

TBC

Deliverable 8

Industry Engagement: Funds/ Grants and IT Advisory From MDEC

2021

20

Oct

Northern & Central

27

Oct

Southern, East Coast & East Malaysia

Title

MDEC Presentation on Reliefs, Grants and Incentives

Time

2.30 to 5.00pm

Attendees

Members

Deliverable 9

2021

26

Dec

Title

Part 1: Revise Operational and Regulatory Framework for the Multi-principal Agent Business Model

Power Point presentation covering the following was presented to Policy Department.

  • Background
  • Identified Issue (6 items)
  • Framework (22 Features)
  • Simulations (6)

Deliverable 10

2021

27

Nov

Title

Prepare Benchmark Report on 3 Other Jurisdictions that are Operating Using Multiple Remiitance Providers for a Single Agent– UK, Australia and Singapore

Benchmarking Report was undertaken with IME Compliance Officers in 3 jurisdictions; Singapore, Australia and UK and was submitted for BNM’s consideration.

Deliverable 11

Title

To Obtain Policy Decision from BNM For Licensees as Reporting Institutions be Allowed to Onboard Another Reporting Institution

Class C to onboard end-users for Class A & B which offers digital remittance products or e- money issuers via a face-to-face KYC.

As the blue-collar market is primarily the unbanked this will allow for better accessibility and promote compliance.

Deliverable 12

Title

To Obtain Approval From BNM For Class C be Allowed to do Cash-in/top Up Funds Into Mobile Wallet as Well as Cash-out

Deliverable 13

Title

To Obtain Approval from BNM for Class C be Allowed to do Collection for Remittance Transactions That are Staged on a Digital Remittance Application.

Engagement Session with Industry

MAMSB Regional Industry Engagement sessions are organised once every quarter in the year to enable the President and the CEO to connect with members on MAMSB’s day-to-day activities, events, updates on regulatory matters and also present industry-related issues for the members’ feedback. These sessions also provide a sound platform for the Council to gauge the pulse of the MSB players and create conversation on important issues that impact the industry at a micro and broader level.

In Q1, Regional Industry Engagement sessions were held in 4 different regions beginning with Central on 21 January followed by Southern on 2 March, East Malaysia on 17 March and Northern Region on 19 March 2022.

All regions were represented by Chairperson of the region and the Office Bearers including Secretariat. A good turn-out of 70 persons at the Central Region and about 20-30 persons at other regions.

Footprint & Collaboration
Malaysian Anti-Corruption Commission (MACC)

MAMSB Regional Industry Engagement sessions are organised once every quarter in the year to enable the President and the CEO to connect with members on MAMSB’s day-to-day activities, events, updates on regulatory matters and also present industry-related issues for the members’ feedback. These sessions also provide a sound platform for the Council to gauge the pulse of the MSB players and create conversation on important issues that impact the industry at a micro and broader level.

External Engagements & Events

Annual General Meeting (AGM)

> 2022

30 April 2022

The nominations for Council Members positions for the 5th Term (2022-2023) will be open from 6.00pm on 20 January 2022. You may download the Nomination Forms or collect the same from our MAMSB office. The Nomination Forms shall remain valid only if submitted not later than 60 days before the AGM – before 28 February 2022

Notice - Agenda of 2022 AGM

Download

Minutes Of Meeting 2021 AGM

Download

Minutes Of Meeting 2021 AGM (Attachment 1)

Download

Minutes Of Meeting 2021 AGM (Attachment 2)

Download

MAMSB Annual Report 2021

Download

MAMSB Council Report 2020

Download

Appointment of External Auditor of the Association for the financial year 2023 [MAZAR]

Download

Resolution to amend 12 clauses to the MAMSB Constitution

Download

> 2021 AGM

After much excitement and intense preparation, the Secretariat finally got together on the bright sunny afternoon of 21st August with our President Dato’ Sri Jajakhan, fondly known by all as JJ and our Assistant Secretary, Leow Su Lin at the MAMSB office in Damansara Intan to host MAMSB 2021 Virtual Annual General Meeting.

We engaged Convene Malaysia Sdn Bhd, professional e-AGM virtual service providers to facilitate the conduct of the AGM and PKF Risk Management Sdn Bhd was once again appointed as our scrutiniser. As this was not an election year, we were happy to note that approximately 178 out of 296 members registered to meet more than a quorum to proceed with the 2021 AGM. The agendas were discussed and approved in a smooth and agreeable manner.

MAMSB welcomed its 2 new 4th Term Council members who were nominated via the processes provided under the MAMSB Constitution; CEO of TNG Digital Remittance Sdn Bhd Mr Sarveswaran Raja Gopal, a well-known personality in the MSB industry as MAMSB’s Class B Council Representative and CEO of Alif Money Changer Sdn Bhd Tuan Haji Ahamed Sidique bin Abdul Latiff, stalwart member from Class C represent the Central Region Members. We look forward to their respective invaluable contributions to the association.

MALAYSIAN ASSOCIATION OF
MONEY SERVICES BUSINESS

Level 2, Bangunan AICB
10, Jalan Dato Onn
50480 Kuala Lumpur
Federal Territory of Kuala Lumpur

TEL: 03-7722 5808

FAX: 03-7722 5008

CONTACT US

GOCO TRAINING & EVENTS
Manpreet Kaur
manpreet@mamsb.org.my

MEMBERSHIP & JPK ACCREDITATION
Bhavani Rajisperan
bhavani@mamsb.org.my

FINANCE & PAYMENT
Sharmila Arjunan
sharmila@mamsb.org.my

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