Tue Sep 24 04:18:00 UTC 2024: ## Sibu Man Fined RM45,000 for Operating Illegal Money Transfer Business
**SIBU** – A 27-year-old local man, Luck Ze Hao, was fined RM45,000, with a default sentence of six months in jail, for operating an unlicensed money transfer business. He pleaded guilty to a charge under the Money Services Business Act 2011 in the Sibu Sessions Court on Tuesday.
The offense occurred between October 19th and 23rd last year at a shop in Jalan Khoo Peng Loong, Sibu. Luck Ze Hao was accused of facilitating the transfer of money to Indonesia without the required license.
The case was brought to light through the actions of two undercover agents, appointed by Bukit Aman, who remitted money to Indonesia through the suspect’s business. Both agents retained their receipts as evidence.
Luck Ze Hao faced a maximum penalty of RM5 million and 10 years imprisonment for the offense.
First Piper 