Cutting down on illicit activity

  • Nation Premium
  • Friday, 08 Nov 2019

PETALING JAYA: Cash may no longer be king once a cash transaction limit (CTL) is introduced next year, making it mandatory for people to report any transaction that is more than RM25,000.

Bank Negara Malaysia is proposing the CTL as a means of cutting down on illicit activity and to strengthen the country’s financial integrity, but is seeking public feedback.

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