MAMSB is an association for licensed corporate entities in the Money Services Business industry. Every licensee and approved Money Services Business Agents under the MSBA are eligible to become a member of MAMSB. It is a requirement by Bank Negara Malaysia.

Each corporate entity seeking to apply for membership is required to nominate a ‘Corporate Representative’ to be the authorised Member Representative to MAMSB in accordance with its Articles of Association. The corporate representatives that will be the Member Representatives is registered by MAMSB based on a Directors’ Resolution from the company certified by the Company Secretary. Only the Chief Executive Officer or Director of the company may be appointed as the Member Representative of the company with MAMSB.