We are a licensed Money Services Business regulated by Bank Negara Malaysia and are required to combat against money laundering activities and financing of terrorism activities in all aspect of our business operations.
Thus, we have developed risk assessment program, customer due diligence system (also known as “Know Your Customer”) and established process to identify and report suspicious transactions.
As a customer, you can help to combat money laundering and financing of terrorism activities. You need to know your responsibilities and rights as stated below:
- Identification documents and purpose of transaction are required for any transaction with amount above RM3,000.
- For a larger value of transaction, you will have to further provide your source of funds and relevant documents to facilitate transactions.
- You will receive a receipt for transaction of any amount. Please insist to have your receipt to protect you.
- Please do not split your transaction into smaller value to avoid above process or uncooperative on the above requirements. This may make it a suspicious transactions which is subject to regulatory reporting requirements.
As a regulated financial business, please be assured that all our customers’ data collected will be treated with strictest confidentiality within Bank Negara Malaysia guidelines.