KUALA LUMPUR: Individuals are allowed to open accounts with any licensed banks, including offshore accounts, under the purview of Bank Negara, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
However, he said those who want to open offshore accounts must go through the due diligence process under the Anti-Money Laundering, Terrorism Financing and Proceeds of Unlawful Activities (Amla) Act and the related legislation.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
