Judge Junaidah Mohd Isa handed down the sentence on Mohd Reezudeen Abdul Salam, 27, who pleaded guilty to both charges.

Reezudeen, who is the sole proprietor of Fathima Warisan Enterprise, located at the Senawang Giant, was charged with operating the remittance business without a licence between Aug 4 and 17 last year.

He was sentenced to a day’s jail and fined RM50,000, in default a month’s jail, for the offence.

The charge, under Section 4(1) of the Money Services Business Act 2011, provides a maximum fine of RM5 million, or imprisonment for up to 10 years, or both, upon conviction.

Reezudeen was also charged under Section 23(10) of the same law with using the words “Kiriman Wang Ke Indonesia” without approval from Bank Negara and was fined RM15,000, in default a week’s jail, for the offence.

In mitigation, Reezudeen, who was unrepresented, said he was unaware he had been conducting an unlawful business until the premises were raided.

He also said he had been unemployed since and was taking care of his diabetic parents.

Chan Wei Heng, Kesinee Aiyalu and Tan Pheng Chew, from Bank Negara, prosecuted.