Dear all, I'm buying etf via Wise --> CIMB Spore --> IBKR.

I wonder if there is any "invisible limit" of monthly transferring of RM to CIMB Spore, where when you overstep that "invisible limit" BNM will come to you?

I read from BNM, https://www.bnm.gov.my/documents/20124/6036...ncy%2BAsset.pdf

...it says in page 2 of 5, that anyone with Domestic borrowing can "invest in Foreign Currency Asset up to RM1 million equivalent2 per calendar year" <-- if i understand this correctly, then it is very safe for me cos I would not reach 1 mil is a lot a lot for me... do I understand that correctly?

Thanks for any advice!

Thanks, good to know the "20k limit". But not doing stock trading for a living so won't be getting money back into Malaysia anytime soon...

Thanks, that makes sense. All through electronic banking, hope all the e-trail to proof where the money came from should be enough.

Because i do not want to go against the law, i've seen signage in airport that people need to declare if they are taking more than UDS10k equivalent of money out. So if the limit for investment is 1 million RM then I'm not worry. But if the limit is as stringent as 10k USD equivalent then I don't want to break the law

Or if it is just a matter of declaring then it is fine, but if it is a matter of not allowed to transfer more than X amount, then i want to abide by that too. Hence I read the BNM pdf.

But being in Malaysia, I wonder if there is any "undocumented limit" besides the stated one.

I do this online, so won't be walking into a bank anytime soon, and thanks to yours and the answer from Davidtcf, I've got the info I need for now.