Illegal Foreign Exchange Trading Scheme

Illegal Foreign Exchange Trading Scheme refers to:

Buying or selling of foreign currency by an individual/company who is not an authorised dealer, or by an individual/company that has not obtained the permission of the Controller of Foreign Exchange under the Exchange Control Act 1953 (ECA).

Buying or selling of foreign currency by a resident who is not an authorised dealer, with a person outside Malaysia, or by a resident who has not obtained the permission of the Controller of Foreign Exchange under the ECA.