Know Yo Customer, common word used by Ppl within financial institutions

Ha, me only go to bank. Not even near to financial institution. Know how to count eggs only.

so humble

Envy u so much eggs on ASNB & FD. So many gf also.

me small amount only unlike u

Well, the FD got paper trail, shits began when they found out undeclared rental dividend incomes, and etc

How come they managed to find out 'others'?

Ever heard when someone buy expensive cars or properties, name/ic checked vs IRD files and got into trouble ?

This post has been edited by bbgoat: Jul 19 2015, 09:20 AM

You cannot say you menabung menggunakan fd, tak minum Starbucks/alkohol , beli baju pasar malam, naik basikal ke tempat kerja?

That one where got paper trail?

joker kamu.siapa akan siasat kamu?go andd do that.only if buy mahal items orang siasat kamu.

If you buy Proton, who is going to check you ? Who ask you NOT to go to Starbuck ?

No serious here. If one were to live like that, one will have substantial savings.

Then when want to buy house time, if IRB ask that question, how to show them papertrail?

Show your earning la.

can ah?everyone go andd do that and can beli mercedes.
buy property mesti tunjuk what you have been spending (riding bicicle, minum kopi)?

If the property price and the loan repayment commensurate with your declared income, just tell IRB you have income and you pay income tax. No need to tell IRB you skimp on Starbucks, alcohol, baju and public transport.

If the property price is beyond your means and declared income, then the onus is on you to explain and have documentary proof to prove that you can afford such purchases. Failing which, IRB will tax x penalty% x backdate no of years undeclared income for the unexplained extra ordinary income.

The more you say no "paper trails" to show to IRB, the more IRB will help you to estimate your undeclared income

1) how could it be fresh fund after you have enjoyed for example 2 years of promo rate...it is considered as busuk fund
2) if it is cash, bank will ask you fill in a form to declare sources of fund as this is BNM requirement.IRB may be alerted by BNM if the amount is big.....a housewife can also invest till RM2 million deposited into account. Very common based on our minister thinking...

This post has been edited by gsc: Jul 19 2015, 12:15 PM

Your term is KYLL....using Excel to track..must have a lot of certs.... , ...I little potato, use a small 555 book record da cukup..

This post has been edited by gsc: Jul 19 2015, 12:12 PM

Why everyone using terms which is difficult to crack ?? KYLL ??

Cannot compare myself with people counting eggs into wee hours of the day.

As to your previously talking about year end FD promo, I think difficult to say. OPR may go down by that time, you lose interest over the period of time ( 3 to 5 months lower FD rate ), .................

This post has been edited by bbgoat: Jul 19 2015, 12:30 PM

Wat is KYLL?

Exclusive term for you only....know your leng lui

You have a point on year end rate.....with economic growth slowing down due to GST and low consumer confidence, BNM may lower the rate I think in the next 3 months provided US FED is not starting to increase the rate for the first time..