illegal transaction to be middle man

Since someone necroed this thread....

I keep hearing this about savings vs current.

Do you know why exactly banks don't like/allow trading using savings account - apart from the name "savings" account?

If it's about amla, why allow trading using personal current account pulak? Or you're referring to company current account?

+1

just open basic current account, more than enough, nowadays many banks dont need introducer anymore

erm

This post has been edited by pandera999: Sep 10 2022, 02:31 PM

Bank has a right to close your account if they suspect it is being used for any illegal activity.

Your next immediate concern is whether a STR report has also been submitted by your Bank to BNM.

https://amlcft.bnm.gov.my/reporting-to-bnm

If your Bank has submitted your details to BNM for STR, you will find it a bit challenging to open or apply for any new bank facilities

I would advice that you write to your bank to ask for opportunity to explain the transaction in your bank account. This you will need to speak to at least branch manager levels

Most bank in Malaysia are adverse to bitcoin trading activities and also for Normal savings account to be used for active business activities where there are many credit activities ftom third party

This post has been edited by cfa28: Sep 10 2022, 02:36 PM