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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!