Amendment to act necessary to combat Hawala activities, says Deputy Finance Minister

KUALA LUMPUR: Despite enforcement and surveillance, Bank Negara Malaysia (BNM) continues to receive a high volume of tip-offs from the public on Hawala or illegal remittance activities, says Lim Hui Ying.

The Deputy Finance Minister said the central bank has been receiving an average of 187 cases per annum over the past five years.