‘Data collection rule in tandem with global standards’


JOHOR BARU: A new requirement by Bank Negara has inadvertently caused confusion among the public who think their personal particulars are being collected to be misappropriated, says the Malaysian Association of Money Services Business (MAMSB).

Its chief executive officer K. Raman said the new policy, which is in line with global standards, requires all money-changing businesses to take reasonable measures to adhere to sanctions screening requirements.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Moneychangers , Complaints , Bank Negara , Forex

Next In Nation

Floods recede in Kelantan, number of evacuees drops in Pahang, Terengganu
Govt continued to enhance social protection for M'sians in 2025, says PM
MMEA seizes 245 protected animals in Batu Pahat raid
Religious teacher nabbed over alleged sexual assault
Warisan undecided, keeping options open on Lamag, Kinabatangan by-elections
Greed, corruption goes against the people's mandate, says Shafie
Refer to govt guidelines on Xmas decor in halal-certified premises, urges Sim
Thunderstorms, heavy rain expected to hit eight states, two FTs until 7 pm, says MetMalaysia
Man found dead after car plunges into river near Parit
Tragic end as father knocks down toddler while reversing car

Others Also Read