Nor Shamsiah Mohd Yunus

New Rule: Malaysia Banks to Report Cash Transactions Above RM25k on Jan 1, 2019 – Online Transactions Exceeding Must be Reported

KUALA LUMPUR – As at Jan 1, 2019, banks must report any cash transactions exceeding RM25,000 in their daily cash threshold report, a reduction from the current RM50,000 limit. Bank Negara Malaysia Governor Datuk Nor Shamsiah Yunus said despite the advancements made in epayments, the use of cash among the…