Our Story
Ombudsman for Financial Services (OFS), formerly known as the Financial Mediation Bureau (FMB) is a non- profit organisation which was set up as an Alternative Dispute Resolution (ADR) body to resolve disputes between our Members who are the financial service providers (FSPs), licensed or approved by Bank Negara Malaysia (BNM) and financial consumers.
OFS is the operator of the Financial Ombudsman Scheme (FOS) approved by BNM pursuant to the Financial Services Act 2013, the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002, and had commenced operation on 1st October 2016.
OFS provides independent, fair, efficient, effective and free dispute resolution to all financial consumers in Malaysia.
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