"We do not deal in personal loan/ Business Loan/ Investment plans, neither we have any subsidiary company dealing in such products. Be careful of fraudsters "

Ensuring Security and Compliance - Lotus Remit

Bank Negara Malaysia

We maintain strict adherence to the guidelines issued by Bank Negara Malaysia (BNM) and consistently align our operations with these regulations. Our commitment to these guidelines underscores our support for BNM's mission to foster both monetary stability and financial stability, thereby contributing to the sustainable growth of the Malaysian economy.

Registration and License

We operate under the registered entity name "Lotus Group Ent Sdn Bhd" with a registration number of 747923-M. This formal registration signifies our commitment to operating within the regulatory framework and underscores our dedication to upholding the highest standards of professionalism and compliance.

License Document

We are licensed by Bank Negara Malaysia to carry out remittance business under the "Money Services Business" status.

CAUTIONARY STATEMENT

Notice Document

AML/CFT Policy

At Lotus, we firmly believe that the effective implementation of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) methodologies is pivotal in mitigating the adverse impacts of criminal economic activities. Moreover, these practices play a crucial role in upholding integrity and stability within global financial markets.

Our commitment to AML/CFT is unwavering. We regularly scrutinize our AML/CFT strategies, objectives, and goals. We have established a stringent and rigorous AML/CFT framework anchored in sound legal, institutional, and supervisory practices. In addition, we rigorously adhere to the requisite Know Your Customer (KYC) and Customer Due Diligence (CDD) standards set forth by our regulatory authorities.

Data Protection

At Lotus, we prioritize the security of our customers' information and consistently work to provide them with the highest levels of assurance and peace of mind regarding the safety of their transactions. We maintain strict adherence to Data Protection standards and have implemented comprehensive policies and procedures to ensure compliance.

Please refer to the document titled "Notice Pursuant to the Personal Data Protection Act 2010."

All Lotus Remit transactions are transmitted through Secure Socket Layer (SSL) connections equipped with 128-bit encryption, safeguarding the entire user experience against unauthorized access. Internet firewalls and robust web-security restrictions are in place to fortify the security of customer information to the highest possible levels.