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 Maybank Inward TT Ruling from 27 March, New ruling to hold all incoming TT

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gark
post Apr 8 2017, 04:29 PM

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QUOTE(wengherng @ Apr 8 2017, 03:31 PM)
How much would be considered as a "large amount"?
RM100k and above?
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Bank negara guideline is RM 10,000 need declaration, unless suspected fraud.

That is last time, now dont know if they changed it.

This post has been edited by gark: Apr 8 2017, 04:30 PM
gark
post Apr 8 2017, 05:03 PM

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QUOTE(wengherng @ Apr 8 2017, 04:58 PM)
Really? So low?  hmm.gif
Personally, I have transferred up to RM40k without anyone calling me from the bank.
The only one instance that I received a call from the bank, was when I had around RM180k or something transferred to my Maybank account from Hong Leong bank (balance from the proceeds from the sale of an apartment).
Maybank called me, and I just told the lady that this was the balance amount from the apartment sale, after HLB had deducted the remaining loan balance.
She just said OK, thank you very much, and that was it.
No declaration, no filling up forms, no supporting documentation or any such nonsense.
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If you transfer out >10K, you have to declare and state the purpose on the TT form. You never state meh? Or you transfer within Malaysia then obviously no need declare lah. This declaration is for overseas outward/inward remittance only..

For money changer >3K, i think i have a huge stack of declarations to BNM.... laugh.gif laugh.gif laugh.gif

This post has been edited by gark: Apr 8 2017, 05:05 PM
gark
post Apr 8 2017, 05:36 PM

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QUOTE(Ramjade @ Apr 8 2017, 05:26 PM)
I think he transfer in using bitcoins. So since not many people in malaysia using bitcoins, so they close eyes.

Btw, have you use money changer to transfer money out of malaysia before?
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Not yet... I usually just change and bring manually or pass to friends and relatives going to SG.. tongue.gif

1K SGD note is surprisingly easy to carry.. laugh.gif laugh.gif laugh.gif . Every time I request all in 1K notes, the money changer gimme a sly smile.. hmm.gif

China already clamp down on bitcoin... Malaysia coming next.. tongue.gif

This post has been edited by gark: Apr 8 2017, 05:41 PM

 

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