Yes. And if anything suspicious, the authority will instruct bank to freeze your account, or lhdn to knock your door, or immigration department to suspend your passport and so on.

And I must emphasis, the only entity that can sell units to you legally is agent banks. Any other way is in grey area, and may not governed within the law.

But there will be always a lot of willing people to do so.

Otherwise there wouldn't be so much online scam victims in this country.

Because it involved money mule. Victim doesn't transfer money to scammer directly.

Edit: And for ASNB units case, things get complicated if buyer is using huge amount of illegal money to buy seller's units (for whatever reason, procedure of money laundering etc). Authority got the absolute power to do whatever thing to one's bank account, including freeze or even confiscated.

This post has been edited by vanitas: Dec 26 2019, 11:41 PM

While I know you are being sarcastic, but for cash deposit machine case, we are intend to heading towards cashless society for this reason. Also for 25k cash limit rule.

As for credit card, I not sure what are you talking about. There is a limit on credit card based on your credit, and bank can suspend your card if you did whatever tricks too much, too frequently. Edit: some may heard cases that someone top up and withdraw with bigpay card too much, too frequent and get suspended.

The thing is when it involved 5 digits or more, one must be very cautious with the transaction.

This post has been edited by vanitas: Dec 27 2019, 08:47 AM

If you really want the table calendar, you can request for it via email afaik.

Anything that is repetitive can be automated easily, I don't think using tool/script to automate the process only (not hacking) is a crime at all, unless it is stated.

But selling to gain profit without proper permission (i.e. not authorised agent) could be seen as abusing the transfer feature.

One reason that it is harder to fish now is because of those unauthorized sellers. They are buying everyday because they can sell it later with inflated price. Then buy again, sell again.

Lazy buyers are feeding to the fake demand and complaining it is difficult to fish.

That's obvious, no need to mention that.

Transfering for free yes.
But illegitimate to,
1) charge a fee for a no fee fund, as an
2) unauthorised seller.

Specifically transferring frequently to random people as a method to generate income itself is deemed as a business.

If it is still transferring, then no selling in this world. That's my own interpretation, no need to agree or disagree.

- Any financial product would need license to sell, even if it is insurance, or any funds.

- Agent itself need to pass some exams before able to sell them and get commission.

- There is a list of authorised agents in asnb page.

So to sell is illegitimate. But one can argue it is transferring, this subject to personal interpretation.

If you buy today and keep forever, you will only buy once.
If you buy today, sell today, and repeat for tomorrow, then you will be buying much more times, thus more demand.

Fund size isn't the amount of people who try to top up or sell to asnb daily la.

You are doing something wrong, showing statistics doesn't make you right.

I think any fund in account remaja also limited to 50k.

I can give example that how buy or sell in this way could be used by scam artists, and innocent people being investigated by police at the end.

Based on the example, you wish to do what or nothing also nvm.

Fund size got no relation here.
E.g. 100b fund size doesn't mean got people sell 1b daily.
There is limited amount of selling everyday, in your term, like an ant size.
So ant size people buying from ant size selling.

I am more interested on someone exploit the transfer, used it for scamming scheme.

Then I can see another usual online scam scenario driven by greed.

It was quite funny that people who abusing the transferring feature to make profits keep defending themselves.

Aiyo, just tell you are greed, this is the way you can think of for income, no one will stop you, even I didn't stop you all doing so.

Dear PNB,
Can I using the transfer feature to sell my units to a lot of random people in the internet?

I will be charging them 1% fee on top of that. And no, I won't declare the fee as income, won't be paying tax or register a business for that.

Thank you.

So it is legal to transfer money from one person to another random person, how and what doesn't matter for you. Perfect candidate for money mule.

But frequent 5 digits in and out on personal bank account. And who cares about how much profits, freeze first and investigate later.

Easiest way is to ban online top up for whoever abuse the online transfer feature.