KUALA LUMPUR: Individuals are allowed to open accounts with any licensed banks including offshore accounts under the purview of Bank Negara Malaysia, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
However, he said anyone who wants to open up such accounts must go through the due diligence process under the Anti-Money Laundering, Terrorism Financing and Proceeds of Unlawful Activities Act (Amla) and related legislation.
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