You do not need to worry about submit applications etc for inward remittance to Malaysia. Transfer money into Malaysia usually they won't ask question. (They would more than welcome it, especially now! ) It's moving money out of Malaysia that they will ask a bunch of questions.

By the way, based on your SG-> MY example, it's most likely Wise will deal with this AML stuffs before releasing the money to your MY bank account.

Just make sure you prepare proof of source of fund if Wise asks. Prepare bank account statements for the past 3 months, for example, if Wise wants to check transaction source/frequency etc. They will email you if they want to know about the necessary documents.

I recently had trouble with paying uni tuition fees in HK with Instarem too. They withheld the fund for a few days and required bank account statements to release the money. I rarely use Instarem, so probably the large amount alerted them, but if you transfer a few ks often between your own bank accounts, it shouldn't be an issue with Wise/Instarem.

Hi bro. First time transfer straightaway hit limit probably might trigger some alarm, but if you have good reasons (e.g. pay kids tuition fees etc.) then it will be fine.

In the worst case they will just email you to ask for bank account stataments (recent month) and related documents (e.g., kids uni documents).

When my transaction was withheld by Instarem few weeks ago, one of their staffs even checked my LinkedIn profile to verify my identity. Not sure if Wise do the same. But back then it's 30k +20k transaction in consecutive days so too big an amount surely alerted them.

Let me teach you another pyschology trick. If you are afraid the transaction can't go through even after submitting the documents, you can mention at the end of your email to them that after submitting all these documents and if Wise/Instarem still can't approve, ask them to refund you the money and you shall use another service provider.

Add pressure to the compliance team. That can help a lot since you have the pricing power with so many fintech service providers out there.

Did he exceed the daily amount? If yes most likely BNM have with held the transfer

wise is no longer cheap. can use something like moneymatch since you have CIMB sg acct