Licensed Money Changers Companies in Malaysia

Licensed money changers in Malaysia are required to have a valid money changing licence issued by the Central Bank of Malaysia (BNM). They are also required to comply with the Exchange Control Act 1953 and the Money Services Business Act 2011.

As of June 2019, there were 1,206 licensed money changers in Malaysia. These money changers are located in all states across Malaysia, with the highest concentration in Selangor (532), followed by Johor (160) and Kuala Lumpur (129).

The top 10 licensed money changers in Malaysia by number of outlets are:

1. Maybank

2. CIMB

3. Public Bank

4. RHB

5. AmBank

6. OCBC

7. HSBC

8. Alliance Bank

9. UOB

10. Standard Chartered

These money changers offer a wide range of services, including foreign currency exchange, remittances, money transfer and other related services.