This news will cause some anxiety: MBI International Sdn Bhd and Mface International Sdn Bhd, large entities heavily involved in Penang and elsewhere, have been finally included in Bank Negara’s latest list of 302 “known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM”.
They operate from this website http://www.mbiv2u.com/
MBI International Group and its subsidiary business network has spread across Asia, including China, Hong Kong, Taiwan and Thailand, according to its website.
Check out Bank Negara’s latest list of unauthorised firms.