Only RM25,000 per transaction soon


PETALING JAYA: In tightening the loopholes for money laundering and corruption, Bank Negara has slashed the maximum amount of cash that can be transacted through financial institutions by 50%.

Effective Jan 1, banks must report any cash transaction exceeding RM25,000 compared to RM50,000 currently.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Government , tightening , rm25 , 000

   

Next In Nation

Staving off scam calls
Do more to protect our data, NGOs urge companies
Firms urged to invest more on cybersecurity
BNS far from ship-shape
Foreign worker dies after alleged fight in Bentong farm
Perak Ruler unveil's MIM's new logo at gala dinner in Kuala Lumpur
Fans give Billie Eilish thumbs-up for shopping at Sungei Wang Plaza
Hisham announces LTAT Golden Jubilee special payout to contributors
Fisheries Dept: No poisonous jellyfish sighted in Teluk Nipah beach
Heirs of Sultan Zainal Abidin III seek to revise court's decision over inheritance land

Others Also Read