Cash Transaction Limit (CTL) : What You Need to KnowRelease Date: 09 Nov 2019
The National Coordination Committee to Counter Money Laundering (NCC) proposes a cash transaction limit (CTL) as an additional deterrent against illicit activities. It also serves to protect Malaysians and businesses from unknowingly facilitating money laundering. The CTL complements existing measures to further improve financial integrity in Malaysia.
Once in effect, physical cash transactions above the prescribed limit will need to be made electronically, by cheque or through the banking system.
Learn more about the CTL and scenarios you may encounter when making cash transactions:
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