Zafrul: Anyone can open offshore accounts, subject to due process by Bank Negara | TheStarTV.com

Zafrul: Anyone can open offshore accounts, subject to due process by Bank Negara

Published on 5 Oct 2021 3:01:39 PM

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said individuals are allowed to open accounts with any licensed banks including offshore accounts under the purview of Bank Negara Malaysia.

However, he said anyone who wants to open up such accounts must go through the due diligence process under the Anti-Money Laundering, Terrorism Financing and Proceeds of Unlawful Activities Act (Amla) and related legislation.

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Keywords
finance minister, pandora papers, icij, tengku zafrul abdul aziz, offshore accounts, scrutiny, amla, due diligence, budget 2021, deficit, covid19 pandemic

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said individuals are allowed to open accounts with any licensed banks including offshore accounts under the purview of Bank Negara Malaysia.

However, he said anyone who wants to open up such accounts must go through the due diligence process under the Anti-Money Laundering, Terrorism Financing and Proceeds of Unlawful Activities Act (Amla) and related legislation.

Read more at https://bit.ly/3moBrx5

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
finance minister, pandora papers, icij, tengku zafrul abdul aziz, offshore accounts, scrutiny, amla, due diligence, budget 2021, deficit, covid19 pandemic

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