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Malaysian Association of Money Services Business or MAMSB (Persatuan Perniagaan Perkhidmatan Wang Malaysia) was registered on 22nd August 2013 with the Registrar of Societies under the Societies Act 1966. MAMSB is the national association for licensees under the Money Services Business Act 2011 (MSBA) as well as those enterprises that have been approved as money services business agents to principal licensees under the MSBA. MAMSB is dedicated to advancing the money services business industry in Malaysia. Its ultimate aim is to ensure alignment with the national agenda to promote modernisation and professionalism of the money services business industry while representing the interest of members.
> Mission & Objective
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Fifth Term Leadership
> Council Members (2022/2024)
President
DATO’ SRI JAJAKHAN
BIN KADER GANI
Chief Executive Officer
Jags Money Sdn Bhd
Jags Money Sdn Bhd
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President
DATO’ SRI JAJAKHAN
BIN KADER GANI
Chief Executive Officer
Jags Money Sdn Bhd
Jags Money Sdn Bhd
Dato’ Sri Jajakhan is the Chief Executive Officer of Jags Money Sdn. Bhd. and was elected as the President of the Malaysian Association of Money Service Business (“MAMSB”) in September 2020.
He has more than 17 years experience in the financial services industry, having started his career as a remisier with OSK Securities in 2003, before taking the bold step to venture into the world of money changing, and founded Vital Rate Sdn. Bhd. in 2005. As the Chief Executive Officer, he spearheaded marketing, technology, business development and establishment of business collaborations and alliances to expand into remittances as an Agent to drive reveneue growth. Vital Rate soon emerged as a key player in money changing with the opening of branches in the tie-one shopping malls of Pavilion, KLCC and KL Sentral. In 2017, Vital Rate was acquired by Merchantrade Asia Sdn. Bhd.
In 2018, Jajakhan was appointed as the CEO and director of Jadeline Exchange Sdn Bhd. Jadeline is building scale with a business strategy of mergers and acquisitions, digitalization of operations and enhancing customer experience. In August 2021, Jadeline Exchange merged to Jags Money Sdn Bhd and obtained Class A license to operate in the MSB industry.
Jajakhan has played an active role in the transformation of the money exchange industry, from inception of MAMSB in January 2014, as the Class C Council Member of MAMSB from 2014 – 2016, and later as its Vice-President from 2016 – 2017.
Vice President
THAMEEJUDEEN BIN MOHD IBRAHIM
Chief Executive Officer
Al-Tamij Capital Resources Sdn Bhd
Al-Tamij Capital Resources Sdn Bhd
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Vice President
THAMEEJUDEEN MOHD IBRAHIM
Chief Executive Officer
Al-Tamij Capital Resources Sdn Bhd
Al-Tamij Capital Resources Sdn Bhd
COMING SOON
Secretary
MOHAMED ERSHAD BIN SYED JAHABAR
Chief Executive Officer
S.S.B Interchange Sdn Bhd
S.S.B Interchange Sdn Bhd
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Secretary
MOHAMED ERSHAD BIN SYED JAHABAR
Chief Executive Officer
S.S.B Interchange Sdn Bhd
S.S.B Interchange Sdn Bhd
COMING SOON
President
DATO’ SRI JAJAKHAN
BIN KADER GANI
Chief Executive Officer
Jags Money Sdn Bhd
Jags Money Sdn Bhd
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President
DATO’ SRI JAJAKHAN
BIN KADER GANI
Chief Executive Officer
Jags Money Sdn Bhd
Jags Money Sdn Bhd
Dato’ Sri Jajakhan is the Chief Executive Officer of Jags Money Sdn. Bhd. and was elected as the President of the Malaysian Association of Money Service Business (“MAMSB”) in September 2020.
He has more than 17 years experience in the financial services industry, having started his career as a remisier with OSK Securities in 2003, before taking the bold step to venture into the world of money changing, and founded Vital Rate Sdn. Bhd. in 2005. As the Chief Executive Officer, he spearheaded marketing, technology, business development and establishment of business collaborations and alliances to expand into remittances as an Agent to drive reveneue growth. Vital Rate soon emerged as a key player in money changing with the opening of branches in the tie-one shopping malls of Pavilion, KLCC and KL Sentral. In 2017, Vital Rate was acquired by Merchantrade Asia Sdn. Bhd.
In 2018, Jajakhan was appointed as the CEO and director of Jadeline Exchange Sdn Bhd. Jadeline is building scale with a business strategy of mergers and acquisitions, digitalization of operations and enhancing customer experience. In August 2021, Jadeline Exchange merged to Jags Money Sdn Bhd and obtained Class A license to operate in the MSB industry.
Jajakhan has played an active role in the transformation of the money exchange industry, from inception of MAMSB in January 2014, as the Class C Council Member of MAMSB from 2014 – 2016, and later as its Vice-President from 2016 – 2017.
Vice President
THAMEEJUDEEN BIN MOHD IBRAHIM
Chief Executive Officer
Al-Tamij Capital Resources Sdn Bhd
Al-Tamij Capital Resources Sdn Bhd
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Vice President
THAMEEJUDEEN MOHD IBRAHIM
Chief Executive Officer
Al-Tamij Capital Resources Sdn Bhd
Al-Tamij Capital Resources Sdn Bhd
COMING SOON
Secretary
MOHAMED ERSHAD BIN SYED JAHABAR
Chief Executive Officer
S.S.B Interchange Sdn Bhd
S.S.B Interchange Sdn Bhd
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Secretary
MOHAMED ERSHAD BIN SYED JAHABAR
Chief Executive Officer
S.S.B Interchange Sdn Bhd
S.S.B Interchange Sdn Bhd
COMING SOON
Treasurer
MANIMAKUDOM KARUPPIAH
Chief Executive Officer
Suria Muhabat Sdn Bhd
Suria Muhabat Sdn Bhd
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Treasurer
MANIMAKUDOM KARUPPIAH
Chief Executive Officer
Suria Muhabat Sdn Bhd
Suria Muhabat Sdn Bhd
Mani joined Suria Muhabat Sdn Bhd in June 2016 as the CEO and subsequently has become one of the shareholders of the company. He has extensive knowledge in treasury dealing and risk advisory solutions, banking, portfolio investment, financial management, and money services business ranging more than 29 years of working experience in MSB, central banking, investment banking and commercial banking environments.
Prior to joining Suria Muhabat Sdn Bhd, Mani’s last posting was as the Deputy Director at the Treasury Department at Bank Negara Malaysia, managing the investment portfolio and the currency composition of the International Reserves from Mar 2013 to Feb 2016. Previously, he held the position of Director, Head of Treasury at KAF Investment Bank Bhd. (Mar 2008 – Feb 2013) and various positions at Maybank ( Senior Treasury Dealer/ Dealer : Jul 1997 to Feb 2008; Branch Operations Officer: Jul 1994 – Jun 1996).
He holds a postgraduate degree in MBA Finance from The University of Nottingham and a BBA (Hons.) degree from the National University of Malaysia (UKM). He had also completed and passed the Financial Market Association Malaysia Certification in 1997 and the AML/CFT Compliance program for MSB Industry in 2017.
Head of Class A
ESPEN KRISTENSEN
Chief Executive Officer
IME (M) Sdn Bhd
IME (M) Sdn Bhd
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Head of Class A
ESPEN KRISTENSEN
Chief Executive Officer
IME (M) Sdn Bhd
IME (M) Sdn Bhd
Mr. Espen Kristensen Aged 50, a graduate in Master of Law (LLM) from Bond University, Australia has more than 15 years ’experience in international remittance, working with major players like Western Union and Euronet Worldwide. Mr Kristensen is currently Class A Council Member and Chairman of MAMSB Legal Committee.
His expertise is from Operations, Business Development and Digital. Solid experience from roll-out of European directive agent’s module in the European Union and geo expansion both in Europe and across APAC.
Mr Kristensen is currently the CEO of of IME (M) SDN BHD and he also has the role as Managing Director for Ria Money Transfer Asia Pacific. Ria money transfer is the 2nd largest global remittance company. Other specialties are Commercial Negotiations and Mediation, e-Commerce, e-money, Business Strategy and B2B.
Head of Class B
SARVESWARAN RAJA GOPAL
Chief Executive Officer
TNG Digital Remittance Sdn Bhd
TNG Digital Remittance Sdn Bhd
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Head of Class B
SARVESWARAN RAJA GOPAL
Chief Executive Officer
TNG Digital Remittance Sdn Bhd
TNG Digital Remittance Sdn Bhd
Sarveswaran is known as a payments expert with over 15 years of experience. Sarves has developed Cross-Border and Domestic Payments by working closely with Regulators, Banks, Money Transfer Operators, Wallet Operators, Fintech Start-ups and Payment Aggregators across South East Asia.
During his stint with one of the largest MSB Companies he championed the growth and development of Cross Border Payments, e-Wallet and Micro-Insurance services. He is currently with Touch n’ Go Digital working on DuitNow QR, DuitNow Transfer and Cross-border instant fund transfers services.
Treasurer
MANIMAKUDOM KARUPPIAH
Chief Executive Officer
Suria Muhabat Sdn Bhd
Suria Muhabat Sdn Bhd
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Treasurer
MANIMAKUDOM KARUPPIAH
Chief Executive Officer
Suria Muhabat Sdn Bhd
Suria Muhabat Sdn Bhd
Mani joined Suria Muhabat Sdn Bhd in June 2016 as the CEO and subsequently has become one of the shareholders of the company. He has extensive knowledge in treasury dealing and risk advisory solutions, banking, portfolio investment, financial management, and money services business ranging more than 29 years of working experience in MSB, central banking, investment banking and commercial banking environments.
Prior to joining Suria Muhabat Sdn Bhd, Mani’s last posting was as the Deputy Director at the Treasury Department at Bank Negara Malaysia, managing the investment portfolio and the currency composition of the International Reserves from Mar 2013 to Feb 2016. Previously, he held the position of Director, Head of Treasury at KAF Investment Bank Bhd. (Mar 2008 – Feb 2013) and various positions at Maybank ( Senior Treasury Dealer/ Dealer : Jul 1997 to Feb 2008; Branch Operations Officer: Jul 1994 – Jun 1996).
He holds a postgraduate degree in MBA Finance from The University of Nottingham and a BBA (Hons.) degree from the National University of Malaysia (UKM). He had also completed and passed the Financial Market Association Malaysia Certification in 1997 and the AML/CFT Compliance program for MSB Industry in 2017.
Head of Class A
ESPEN KRISTENSEN
Chief Executive Officer
IME (M) Sdn Bhd
IME (M) Sdn Bhd
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Head of Class A
ESPEN KRISTENSEN
Chief Executive Officer
IME (M) Sdn Bhd
IME (M) Sdn Bhd
Mr. Espen Kristensen Aged 50, a graduate in Master of Law (LLM) from Bond University, Australia has more than 15 years ’experience in international remittance, working with major players like Western Union and Euronet Worldwide. Mr Kristensen is currently Class A Council Member and Chairman of MAMSB Legal Committee.
His expertise is from Operations, Business Development and Digital. Solid experience from roll-out of European directive agent’s module in the European Union and geo expansion both in Europe and across APAC.
Mr Kristensen is currently the CEO of of IME (M) SDN BHD and he also has the role as Managing Director for Ria Money Transfer Asia Pacific. Ria money transfer is the 2nd largest global remittance company. Other specialties are Commercial Negotiations and Mediation, e-Commerce, e-money, Business Strategy and B2B.
Head of Class B
SARVESWARAN RAJA GOPAL
Chief Executive Officer
TNG Digital Remittance Sdn Bhd
TNG Digital Remittance Sdn Bhd
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Head of Class B
SARVESWARAN RAJA GOPAL
Chief Executive Officer
TNG Digital Remittance Sdn Bhd
TNG Digital Remittance Sdn Bhd
Sarveswaran is known as a payments expert with over 15 years of experience. Sarves has developed Cross-Border and Domestic Payments by working closely with Regulators, Banks, Money Transfer Operators, Wallet Operators, Fintech Start-ups and Payment Aggregators across South East Asia.
During his stint with one of the largest MSB Companies he championed the growth and development of Cross Border Payments, e-Wallet and Micro-Insurance services. He is currently with Touch n’ Go Digital working on DuitNow QR, DuitNow Transfer and Cross-border instant fund transfers services.
Head of Class C
SEE YOKE SIEW
Chief Executive Officer
Adcrew Sdn Bhd
Adcrew Sdn Bhd
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Head of Class C
SEE YOKE SIEW
Chief Executive Officer
Adcrew Sdn Bhd
Adcrew Sdn Bhd
COMING SOON
Class D Council Representative
RAKESH A/L ARAVINDAN
Training Director
Travelex Currency Exchange & Payment Sdn Bhd
Travelex Currency Exchange & Payment Sdn Bhd
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Head of Class D
CHONG HUI YEE
Chief Executive Officer
E-Globex Sdn Bhd
E-Globex Sdn Bhd
Ms Chong Hui Yee is the CEO of E-Globex Sdn Bhd, a Licensed Money Changing and Wholesale Currency Business in Malaysia. She has a Bachelor (Hons) of Management Studies graduate and has over 5 years of working experience in the MSB industry. Leveraging on her extensive experience across AML/CFT compliance and risk management, she continues to improve the operations of the company to drive business growth and sustainability.
Serving as the Class D Representative, her primary role is to bridge and facilitate the communication between the Council and the Class D members. She is responsible to bring forward any opinions, concerns and ideas from members, for the purpose of uplifting the business standard and ultimately promoting a more resilient and innovative MSB industry
Chairperson of Central Region
TUAN HAJI AHAMED SYED SIDIQUE BIN ABDUL LATIFF
Chief Executive Officer
Alif Money Changer Sdn Bhd
Alif Money Changer Sdn Bhd
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Chairperson of Central Region
TUAN HAJI AHAMED SIDIQUE
Chief Executive Officer
Alif Money Changer Sdn Bhd
Alif Money Changer Sdn Bhd
COMING SOON
Head of Class C
SEE YOKE SIEW
Chief Executive Officer
Adcrew Sdn Bhd
Adcrew Sdn Bhd
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Head of Class C
SEE YOKE SIEW
Chief Executive Officer
Adcrew Sdn Bhd
Adcrew Sdn Bhd
COMING SOON
Class D Council Representative
RAKESH A/L ARAVINDAN
Training Director
Travelex Currency Exchange & Payment Sdn Bhd
Travelex Currency Exchange & Payment Sdn Bhd
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Head of Class D
CHONG HUI YEE
Chief Executive Officer
E-Globex Sdn Bhd
E-Globex Sdn Bhd
Ms Chong Hui Yee is the CEO of E-Globex Sdn Bhd, a Licensed Money Changing and Wholesale Currency Business in Malaysia. She has a Bachelor (Hons) of Management Studies graduate and has over 5 years of working experience in the MSB industry. Leveraging on her extensive experience across AML/CFT compliance and risk management, she continues to improve the operations of the company to drive business growth and sustainability.
Serving as the Class D Representative, her primary role is to bridge and facilitate the communication between the Council and the Class D members. She is responsible to bring forward any opinions, concerns and ideas from members, for the purpose of uplifting the business standard and ultimately promoting a more resilient and innovative MSB industry
Chairperson of Central Region
TUAN HAJI AHAMED SYED SIDIQUE BIN ABDUL LATIFF
Chief Executive Officer
Alif Money Changer Sdn Bhd
Alif Money Changer Sdn Bhd
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Chairperson of Central Region
TUAN HAJI AHAMED SIDIQUE
Chief Executive Officer
Alif Money Changer Sdn Bhd
Alif Money Changer Sdn Bhd
COMING SOON
Chairperson of Northern Region
MOHAMED SHERAFATH ALI BIN ABDUL RAHMAN
Managing Director
Sharafath Ali Sdn Bhd
Sharafath Ali Sdn Bhd
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Chairperson of Northern Region
UMAR FAROOK BIN OTHMAN MYDIN
Chief Executive Officer
Triple Trillion Sdn Bhd
Triple Trillion Sdn Bhd
COMING SOON
Chairperson of Southern Region
ANALISA YIN BINTI ABDULLAH
Chief Executive Officer
Akar Warisan Sdn Bhd
Akar Warisan Sdn Bhd
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Chairperson of Southern Region
ANALISA YIN BINTI ABDULLAH
Chief Executive Officer
Akar Warisan Sdn Bhd
Akar Warisan Sdn Bhd
Madam Analisa Yin Binti Abdullah is the Chief Executive Officer of Akar Warisan Sdn Bhd. She has been in the MSB industry as Money Changer since 2004 even before the inception of MSB formerly known as Akta Pengurup Wang 1998. Madam Analisa held the position of Compliance Officer from 2011-2017 and thereafter has been the CEO of Akar Warisan Sdn Bhd. In 2020, she was elected as the Chairman of Southern Region and a member of the MAMSB Council.
Madam Analisa is an active MAMSB member and hold the position as Chairman of Membership Committee, Vice Chairman of IT Committee and Member of Education Committee, Education Task force and 100 days KPI task force. Madam Analisa has graduated with O Levels, A Levels and Diploma in Marketing Studies.
East Coast Council Representative
AMARUL HANIF BIN HARUN
Managing Director
World Currency Sdn Bhd
World Currency Sdn Bhd
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Chairperson of East Malaysia
LIM CHING SENG
Chief Executive Officer
EZ Money Express Sdn Bhd
EZ Money Express Sdn Bhd
Mr. Lim Ching Seng is the Managing Director of EZ Money Express Sdn Bhd. As a fourth Term Council Member representing East Malaysia and with a background in Electrical Engineering, He has been involved with the Money Services Business for the last 13 years since establishing EZ Money in 2008. Mr Lim is the Chairman of the Finance Committee and has been responsible to oversee the prudent management of MAMSB finances the last three terms.
The Secretariat
Ms Chitra Devi Sundram was appointed by the Association as Chief Executive Officer (“CEO”) and commenced her duties on 1 December 2020. The 4th Term Secretariat team which came into effect on 1 December 2020, consisted of the CEO and two existing staff and a manager with extensive experience in the financial services industry was appointed to oversee GOCO trainings, events and engagements. The Secretariat team were tasked to execute the daily administrative duties for the Association as seen in the diagram below.
Chitra Devi Sundram was called to the Malaysian Bar in 1996 and thereafter served as a PTD Officer (Pegawai Tadbir dan Diplomatik) in the Ministry of Energy, Telecommunications & Posts. Once she realized that her true passion was to practice law, she resigned from the civil service and commenced her legal career.
In 2000, she jointly established Messrs Kim & Devi, a partnership, and proceeded to lead the litigation department. However, when the opportunity arose to get international exposure, Ms Sundram took a leap of faith and joined an Indo-Canadian company based in India as an In-House Counsel in 2005. Her approximately 5 years stint gave her vast exposure in corporate and commercial work in several jurisdictions namely the United Arab Emirates, Qatar, Bahrain, India, Canada and the Islamic Republic of Iran. Upon her return to Malaysia, she joined an established public listed company in the business of Information Technology and security, working her way up to becoming head of legal in 2011. Here, she acquired vast skills in corporate governance, risk management and regulatory compliance.
Ms Sundram was offered the opportunity to join the Asian Institute of Finance, a think-tank jointly established by the Securities Commission and Bank Negara Malaysia in 2017, as General Manager under the Professional Standards Department. She was part of the Financial Services Professional Board (FSPB), where she organised and supervised the development of NOSS for 5 sectors in banking including compliance and Syariah advisory, publishing a case study on Merchantrade Asia Sdn Bhd in 2018.
She was practising as a sole proprietor before her appointment as MAMSB CEO.
Senior Manager with 25 years of experience in the education industry. Experienced in development, design, administration and delivery of reliable robust programmes and examinations. Skilled in developing various types of assessments, case studies.
Knowledgeable in training evaluation methodology and developing training programmes, education policies and guidelines.
Comin Soon
Sharmila Arjunan is the Account and Finance Executive (Junior) at MAMSB. She has completed Bachelor(s) in Business Accounting and Finance from Tunku Abdul Rahman University College, Penang.
She is a detail-oriented individual, eager to contribute towards the building of a strong financial system in MAMSB and she has knowledge and understanding of various Accounting and Finance tools. Ms Sharmila is passionate about learning new financial concepts and possess the ability to handle work pressure and customer issues professionally.
At MAMSB, she is responsible for Compiling and presenting financial and budget reports. This includes ensuring financial statements and records comply with laws and regulations and keeping account books and systems up to date. She also manages balance sheets and profit/loss statements, reinforce financial data confidentiality and conduct database backups when necessary and manage all accounting transactions, publish financial statements in time and ensure timely keeping of monthly, quarterly, and annual closings.
Organisation Structure
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Committees
A committee is elected by the council members in the association to continue the work of the association between general meetings. It is the committee members’ responsibility to make sure that decisions taken at its association are acted on during their year in office. Committees help spread the workload. At its simplest, a committee is simply a group of motivated people who meet regularly to make plans and decision in the scope of their role.
CLASS A
Dato' Sri Jajakhan Bin Kader Gani
Jags Money Sdn Bhd
Mr. Espen Kristensen
IME (M) Sdn Bhd
Tuan Haji Ahamed Syed Sidique Bin Abdul Latiff
AlifnMoney Changer Sdn Bhd
Md. Nur E Alam Siddiqui
Placid Express Sdn Bhd
Mr Chinthu Sreenivas
Lulu Money (Malaysia) Sdn Bhd
CLASS B
Iza Izwana Binti Hussian
Onetransfer Remittance Sdn Bhd
Mrs Lugiyem
Mandiri International Remittance Sdn Bhd
Ahmad Ezzanee Azizan Bin Mohd Ali Azizan
Golden K.L Union Sdn Bhd
Soby Kurian
Lotus Group Ent Sdn Bhd
Mohammad Ridzuan Abdul Aziz
Worldremit (Malaysia) Sdn Bhd
Ray Parvish Singh Segaran Thevar
Airwallex (Malaysia) Sdn. Bhd.
CLASS C
Amy Pang Choy Har
Focurek Services Sdn Bhd
Abdul Rahman Bin Achmed
Roz Money Changer Sdn Bhd
Bhurhanuddin
Ipoh
Chua Yee Chun
Inco Licensed Money Changer Sdn Bhd
David Ban Boon Sing
Milirich Sdn Bhd
David Chu Ah Poi
Port Store Sdn Bhd
Jeremy Lim
Foo In Sdn Bhd
Mr Haris Vazeer
Malik Maju Sdn Bhd
Mr. Mohamed Ridzwan Bin Mohamed Salim
Pahlawan Money Changer Sdn Bhd
Madam Analisa Yin Binti Abdullah
Akar Warisan Sdn Bhd
CLASS D
Lee Sze Koon
Ace Money Exchange Sdn Bhd
Dato' Sri Jajakhan Bin Kader Gani
Jags Money Sdn Bhd
Abd Hamid Bin Abdullah
Maxmoney Sdn Bhd
Mr Chinthu Sreenivas
Lulu Money (Malaysia) Sdn Bhd
Chong Hui Yee
E-Globex Sdn Bhd
Rakesh A/L A. Aravindan
Travelex Currency Exchange & Payments (TCEP)
LEGAL COMMITTEE
CHAIRMAN
Mr. Espen Kristensen
IME (M) Sdn Bhd
VICE-CHAIRMAN
Ms. Leow Su Lin
Foo In Sdn Bhd
SECRETARIAT
Ms. Chitra Sundram
MAMSB Secretariat
GROUP OF COMPLIANCE OFFICERS (GOCO) COMMITTEE
CHAIRMAN
Ms. Leow Su Lin
Foo In Sdn Bhd
VICE-CHAIRMAN
TBC
-
SECRETARY
Ms. Chun Yun Xuan
Wang & Co. Money Changer Sdn Bhd
ASST. SECRETARY
Ms. Nurul Ana Shukor
NIUM Sdn Bhd
TREASURER
Ms. Zhao Meixiang
BigPay Malaysia Sdn Bhd
ASST. TREASURER
Mr. Lim Tze Di (Alex)
Symbolic Business Sdn Bhd
MEMBERS
Ms. Lim Poh Hong
Tranglo Sdn Bhd
Mr. Mohamad Azizul Bin Abdul Rahman
Mobile Money International Sdn Bhd
Mr. Gunasekaran S.Raghavan
Akbar Money Changer Sdn Bhd
Ms. Stephanie Sheila Phan Mei Loong
Everrise Money Changer Sdn Bhd
Mr. Mohd Noorhamidi Bin Hishamuddin
TNG Digital Remittance Sdn Bhd
Ms. Ainul Huda Jamil
World Currency Sdn Bhd
EDUCATION COMMITTEE
CHAIRMAN
Mr. Mohamed Ershad Bin Syed Jahabar
S.S.B Interchange Sdn Bhd
SECRETARIAT
Ms Ann M Joseph
MAMSB Secretariat
MEMBERS
Mr. Indra Raj Giri
GPL Remittance Malaysia Sdn Bhd
Mr. Alex Lim
TML Remittance Centre Sdn Bhd
Ahmad Ezzanee Azizan Bin Mohd Ali Azizan
Golden KL Union Sdn Bhd
Bala Satya
Advisory
Dr. Mohd Fodli bin Hamzah
Mandiri International Remittance Sdn Bhd
Chua Yee Chun
INCO Licensed Money Changer Sdn Bhd
Ms. Leow Su Lin
Foo In Sdn Bhd
FINANCE COMMITTEE
CHAIRMAN
Mdm Siew Yoke Moy
-
MEMBERS
Chua Yee Chun
INCO Licensed Money Changer Sdn Bhd
CODE OF CONDUCT COMMITTEE
CHAIRMAN
Mr. Manimakudom A/L Karuppiah
Suria Muhabbat Sdn Bhd
Secretariat
Ms Ann M Joseph
MAMSB Secretariat
MEMBERS
Dato’ Haja Maidin Bin Dawood
Halasuria (M) Sdn Bhd
Elina Binti Ahmad
Bank Pertanian Berhad (Agro)
Tn Hj Mohamed Sherafath Ali Bin Abdul Rahman
Sharafath Ali Sdn Bhd
Mr. Indra Raj Giri
GPL Remittance Malaysia Sdn Bhd
Robin Yu-Hao Chu
Port Store Sdn Bhd
Mr Soby Kurian
Lotus Group Ent.
IT ADVISORY COMMITTEE
CHAIRMAN
Sarveswarren Raja Gopal
T&G Digital Remittance Sdn Bhd
Secretariat
Ms. Chitra Devi
MAMSB Secretariat
MEMBERS
Mr. Espen Kristensen
IME (M) Sdn Bhd
Dato' Sri Jajakhan Bin Kader Gani (Class A)
Jags Money Sdn Bhd
Adrian Yap Choong Sen)
Money March Sdn Bhd)
Rakesh A/L A. Aravindan)
Travelex Malaysia Sdn Bhd)
Mdm See Yoke Siew)
Adcrew Sdn Bhd)
Mr Manimakudom Karuppiah)
Suria Muhabat Sdn Bhd)
Digital Technical Committee
CHAIRMAN
Mr. Sarveswarren Raja Gopal
TNG Digital Remittance Sdn Bhd
Secretariat
Ms. Chitra Devi
MAMSB Secretariat
MEMBERS
Mr. Ramesh Chaulagain
IME Sdn Bhd
Mr. Sujai Raman Sundaresan
Lulu Money (Malaysia) Sdn Bhd
Mr. Mohd Zahirul Kadir
NBL Money Transfer Sdn Bhd
Mr. Adrian Yap Choong Shen
Money Match Sdn Bhd
Mr. Mohammad Ridzuan Abdul Aziz
WorldRemit Malaysia
Mr. Lim Paik Wan
Wise Payments Malaysia Sdn Bhd
MPA Technical Committee
CHAIRMAN
Mr. Espen Kristensen
IME (M) Sdn Bhd
VICE-CHAIRMAN
Mr. Mohd Sani Bin Mohamed Ismail
Munawarah Exchange Sdn Bhd
Secretary
Mr. Alex Lim
TML Remittance Center Sdn Bhd
Secretariat
Ms. Chitra Devi
MAMSB Secretariat
MEMBERS
Mr. Jacob Varughese (Class A)
Lulu Money (Malaysia) Sdn Bhd
Mr. Ramesh Chaulagain (Class A)
IME Sdn Bhd
Mr. Abd Hamid Bin Abdullah (Class A)
Max Money Sdn Bhd
Mr. Sarveswarren Raja Gopal (Class B)
TNG Digital Remittance Sdn Bhd
Mr. Sheikh Akhter Uddin Ahmed (Class B)
NBL Money Transfer Sdn Bhd
Dato' Sri Jajakhan Bin Kader Gani (Class A)
Jadeline Exchange Sdn Bhd
Mr. Manimakudom A/L Karuppiah (Class C)
Suria Muhabat Sdn Bhd
Tuan Haji Ahamed Syed Sidique Bin Abdul Latiff (Class A)
Alif Money Changer Sdn Bhd
Mr. Adrian Yap Choong Shen (Digital Services Licensee)
Money Match Sdn Bhd
Ms. Leow Su Lin (GOCO Chairman)
Foo In Sdn Bhd
Money Changing Business Committee
CHAIRMAN
Mr. Mohd Sani Bin Mohamed Ismail
Munawarah Exchange Sdn Bhd
VICE-CHAIRMAN
Mr. Mohamed Arshad Bin Datuk Hj. Mohamad Iqbal Ganey
Benua Kapital Sdn Bhd
MEMBERS
Madam Analisa Yin Binti Abdullah
Akar Warisan Sdn Bhd
Umar Farook Bin Othuman
Triple Trillion Sdn Bhd
Tuan Haji Ahamed Syed Sidique Bin Abdul Latiff
Alif Money Changer Sdn Bhd
Mr. Nagapan a/l Nagarajan
Spectrum Forex Sdn Bhd
Mr. Keyasudeen Bin Mohd Furuskhan
KMA Trading Sdn Bhd
Mr. Lu Chen Kiong
Traveller’s Money Changer Sdn Bhd
Ms. Leow Su Lin
Foo In Sdn Bhd
Mr. Mohamed Ridzwan Bin Mohamed Salim
Pahlawan Money Changer Sdn Bhd
Wholesale Currency Business Committee
CHAIRMAN
Mr. Rakesh Aravind
Travelex Malaysia Sdn Bhd
MEMBERS
Dato Sri Jajakhan Bin Kader Gani
Jags Money Sdn Bhd
Mr Chong Hui Yee
E-Globax Sdn Bhd
Mr Chinthu Sreenivas
Lulu Money (M) Sdn Bhd
Mr Reynels Lee
Ace Money Exchang
MAMSB Task Force Combat
CHAIRMAN
Mr. Espen Kristensen
IME (M) Sdn Bhd
Tuan Haji Mohamed Burhan Bin Mohd Alahudin
Permata Sdn Bhd
Mr Foong Chee Seong (William)
Durian Burung Enterprise Sdn Bhd
Tuan Haji Ahamed Syed Sidique Bin Abdul Latiff
Alif Money Changer Sdn Bhd
Mr Ayaz Khan
Apexchange Sdn Bhd
Mr Haris Vazeer
Malik Maju Sdn Bhd
Madam Analisa Yin
Akar Warisan Sdn Bhd
Mr Alex Lim
TML Remittance Centre Sdn Bhd
Ms Wong Siew Hong
Yewon Sdn Bhd
Ms Tan Lian Ping
Segi Bintang Sdn Bhd
Ms Hanilam Binti Matali
Segi Ganjaran Sdn Bhd
MAMSB Strategic Blueprint Task Force
CHAIRMAN
Mr. Mohamed Ershad Bin Syed Jahabar
S.S.B Interchange Sdn Bhd
Mr Manimakudom Karuppiah
Suria Muhabat Sdn Bhd
Mr. Adrian Yap Choong Shen (Digital Services Licensee)
Money Match Sdn Bhd
Ms. Leow Su Lin (GOCO Chairman)
Foo In Sdn Bhd
Mr. Sarveswarren Raja Gopal (Class B)
TNG Digital Remittance Sdn Bhd
Mr. Ramesh Chaulagain
IME Sdn Bhd
Ms Noorzliana Binti Ahmad
Merchantrade Asia Sdn Bhd
Mr Rajendar Dhorkay
Instarem Sdn Bhd
Mr Akhbar Batcha Bin Mohamed Shamsuddin
Akbar Money Changer Sdn Bhd
Strategic Blueprint
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The Taskforce on the Money Services Business Strategic Blueprint was set up by the Association in January 2021 pursuant to the Money Services Business Regulator’s (MSBR) aspiration for the Association to continue its efforts to modernise and transform the MSB industry into a progressive and professional sector for the next 5 years (2022-2026). The inaugural strategic blueprint (SBP) that was crafted in 2015 had successfully identified the 3-fold objectives for the development of the SBP and derived 6 SBP Strategic Outcomes that collectively aimed at meeting the Association’s Vision.