Malaysia to impose cash transaction limit of RM25,000 next year


KUALA LUMPUR (Bernama): Malaysia is planning to impose a cash transaction limit (CTL) of RM25,000 starting next year to further strengthen the country’s financial integrity and curb illicit activities.

"This is to address the abuse of physical cash used for illicit activities,” Bank Negara (BNM) deputy governor and chairman of the National Coordination Committee to Counter Money Laundering (NCC), Datuk Abdul Rasheed Ghaffour said.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!

   

Next In Business

Wall St Week Ahead: Earnings test for 'crowded' megacaps
Nasdaq, S&P tumble as Netflix, chip stocks drag
Oil gains as Iran downplays reported Israeli attack
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
MISC to develop world’s first ammonia dual-fuel ships
Crescendo has projects with GDV of RM1.2bil in the pipeline
MKH Oil Palm IPO oversubscribed
Greater efforts needed to drive tourism
Transformative blueprint for Malaysia

Others Also Read