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 Can we transfer US stock sale proceeds to Malaysia, Will BNM block or hold the funds?

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xander2k8
post Oct 18 2023, 03:34 PM

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QUOTE(cybermaster98 @ Oct 18 2023, 11:12 AM)
Nowadays with all the money laundering scandals and risks, most banks are becoming very stringent when receiving international funds. Thats why im keen to know if anybody has done recent fund transfers from US stock brokers into Malaysian banks. Because if i see it as being a big risk, i may just opt to purchase US stocks on the Maybank platform going forward. I already have a significant holding on IBKR now but just concerned about the future.
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Why worry so much when you wouldn’t what the future holds 🤦‍♀️

IBKR has not much issue and if the worse case scenario happens just open either Singapore or Thailand and transferred it from there 🤦‍♀️

The problems lies is not in IBkR but BNM itself for it’s archaic rules from the late 90s

This post has been edited by xander2k8: Oct 18 2023, 03:35 PM

 

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