Bank Negara to get public feedback on cash transaction limit

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus at the 11th International Conference on Financial Crime and Terrorism on Nov 5, 2019. – ART CHEN/The Star

KUALA LUMPUR: Malaysia may introduce a Cash Transaction Limit (CTL) to combat financial crimes, says Bank Negara Malaysia.

Its Governor Datuk Nor Shamsiah Mohd Yunus said that the regulatory and law enforcement community was in the midst of exploring a CTL to complement existing financial integrity measures.