SIDREC Capacity Building Workshop
Venue: Kuala Lumpur Regional Centre for Arbitration
Dates: 26-27 August 2016
News & Outreach
Bank Negara Set New Limit for Transactions
A SIDREC Info Alert:
Bank Negara Governor announces new requirements lowering the threshold for banks’ daily cash threshold report (CTR), from 1 January 2019.
Banks will be required to report any cash transaction exceeding RM25,000 in their CTR. This reduces the reporting threshold of cash transactions through financial Institutions, from the current RM50,000 to RM25,000.
Customers will be required to provide information (e.g. the source of funds and purpose of transaction) for transactions involving cash amounts exceeding RM25,000.
For more details read, the full story from The Star Online in the link:
https://www.thestar.com.my/news/nation/2018/10/31/only-rm25000-per-transaction-soon-bank-negara-any-amount-higher-than-that-will-be-checked/
You May Also Want to Read
Let’s go, Temerloh!
Permodalan Nasional Berhad (PNB) and Amanah Saham Nasional Berhad (ASNB), with the support of the Pahang State Government, are holding their annual integrated financial literacy exhibition.
Orang Tengah Industri
BAGI menyelesaikan pertikaian mengenai tuntutan berkaitan dengan produk dan perkhidmatan pasaran modal, Suruhanjaya Sekuriti (SC) tampil menubuhkan badan korporat bebas, Pusat Penyelesaian Pertikaian Industri Sekuriti (Sidrec).
