The company extends its sincere appreciation to BNM for its dedication to maintaining transparency and stability within Malaysia’s financial landscape.
Penang, January 29, 2024 – Upon receiving a statement on 22nd January 2024 from Bank Negara Malaysia (BNM), Quantum Metal Sdn Bhd (QMSB) reaffirmed its unwavering commitment to fully comply with regulatory requirements. Established on July 30, 2012, with a paid-up capital of RM10,000,000.00, Quantum Metal Sdn Bhd (QMSB) is a prominent gold bullion distributor in Malaysia. Currently, Quantum Metal Sdn Bhd (QMSB) is classified as a reportable entity under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA). The company is thus subject to compliance requirements similar to those imposed on non-financial companies in other industries. Quantum Metal Sdn Bhd (QMSB) wishes to clarify that it has not made any claims regarding being licensed by BNM and highlights its role as a dedicated platform for gold trading.
Over the years, Quantum Metal Sdn Bhd (QMSB) has gained reputation for its commitment to adhering to ethical and professional standards, compliance with AMLA guidelines, and its unwavering focus on maintaining transparency and integrity within the industry. The company agrees with BNM’s observations and assures its stakeholders that it is fully committed to complying with the authorities and cooperating with them. Moreover, because of the recent clarification from BNM, Quantum Metal Sdn Bhd (QMSB) strives to highlight that any funds coming into the country, except those meant explicitly for exceeding certain limits in offshore borrowing, do not need any prior verification and approval from BNM, aligning with the guidelines set out in the Foreign Exchange Policy Notices.
“We wish to express our sincere gratitude to Bank Negara Malaysia (“BNM”) for their recent statement dated 22nd January 2024, concerning Quantum Metal Sdn Bhd (QMSB). Pursuant to BNM’s recent disclosures, Quantum Metal Sdn Bhd (QMSB) is classified as a reporting entity under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). This categorization arises from our involvement in transactions of precious metals and stones, as specified in item 24, Part 1 of the First Schedule of the AMLA. We pledge to maintain open and consistent communication, ensuring you are regularly informed about the ongoing progress and milestones achieved by Quantum Metal Sdn Bhd (QMSB). Our dedication to mutual growth and success remains steadfast,” quoted by the management of Quantum Metal Sdn Bhd (QMSB).
With a core business focused on providing 99.99% premium gold products to various sectors, including government bodies, banks, financial institutions, merchants, and individual dealers, Quantum Metal Sdn Bhd (QMSB) has become a trusted partner in the Malaysian market. In its classification, Quantum Metal Sdn Bhd (QMSB) also states that it is not an investment entity but a dedicated platform for gold trading with a primary focus of facilitating gold trading transactions for its clients, providing them a secure and efficient medium to engage in the market.
A large portion of Quantum Metal Sdn Bhd (QMSB)’s focus is on the continuous professional development of its consultants. The company’s rigorous oversight of the consultants’ code of conduct assures adherence to the highest standards of ethics and professionalism in all client interactions. With a staunch policy over the dissemination of accurate and transparent information, Quantum Metal Sdn Bhd (QMSB) makes sure to take strict and decisive corrective measures against the members for distributing any misleading information.
The management further states, “We want to clarify that QMSB has not made any claims regarding being licensed by BNM.”
For more details, click on the website https://quantummetal.com.my/.
Contact Details:
Organization: Quantum Metal Sdn Bhd (QMSB)
Contact Person: Dato Lim Khong Soon
Website: https://quantummetal.com.my/
Email: [email protected]
Contact Number: +60 3-8605 3611
City: Georgetown
State: Pulau Pinang
Country: Malaysia