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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.

Government , tightening , rm25 , 000

   

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