Currently, CTR obligation of RM25,000 and above in a day, pursuant to section 14(1)(a) of the AMLA, is applicable only to banking institutions, selected prescribed development financial institutions, Lembaga Tabung Haji and licensed casino.

Bank Negara Malaysia will continue to conduct assessments on reporting institutions from time to time. Reporting institutions will be notified if the CTR obligation becomes applicable to them.

No. As transactions involving agent product/services are captured directly into the respective organisation or agencies’ systems (this will include CTR obligations if they are a reporting institution with CTR obligations invoked), there is no requirement to capture these transactions for CTR reporting.

Notwithstanding the above, it is pertinent to capture cash transactions and report CTR in instances whereby customer withdraws or deposits funds into their current and/or savings account should the amount be RM25,000 and above.