Only RM25,000 per transaction soon


PETALING JAYA: In tightening the loopholes for money laundering and corruption, Bank Negara has slashed the maximum amount of cash that can be transacted through financial institutions by 50%.

Effective Jan 1, banks must report any cash transaction exceeding RM25,000 compared to RM50,000 currently.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Government , tightening , rm25 , 000

   

Next In Nation

Toddler killed by pack of wild dogs in Semporna
Immigration raids Klang shophouse, busts human trafficking ring
Coordinated efforts, shared learning among OIC states essential for digital transformation, says Fahmi
Cops investigating video of man allegedly insulting Islam
PM Anwar to extend invitation to President Xi Jinping for 2025 Asean Summit in KL
Well-known Malaysian Dikir Barat singer and five others remanded in Thailand for drug possession
Malaysian fighting in Ukraine injured in drone strike but still alive
Two of six Malaysians detained in Thailand have drug records, Kelantan police say
Perhilitan captures sun bear, black panther entering Kuala Krai, Gua Musang farms
MPs call for greater governance and transparency in GLC, GLIC investments

Others Also Read