Amendment to act necessary to combat illegal remittance activities, says Finance Ministry

The Star 2024-03-26

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Deputy Finance Minister Lim Hui Ying told the Dewan Rakyat on Tuesday (March 26) that despite enforcement and surveillance, Bank Negara Malaysia continued to receive a high volume of tip-offs from the public on Hawala or illegal remittance activities.

She said the central bank had been receiving an average of 187 cases per annum over the past five years.

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