Postponement of Members Briefing in Kuching Sarawak, 9 March 2020
We would like to thank all Members who have registered their participation with us for the Members’ Briefing. However, it is with deep regret that
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
Celebrating Women in Dispute Resolution
This International Women’s Day, we honour the achievements of women in dispute resolution. Their dedication and expertise have opened pathways to navigate disputes with resilience
SIDREC at the Merdeka SME e-Fair 2021
The Securities Industry Dispute Resolution Center (SIDREC) recently participated at the Merdeka SME e-Fair 2021 virtual event which was jointly organised by Money Compass Media,
