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It is further clarified that cash transaction reporting by branches to their Principal Officer should invariably be submitted on monthly basis (not on fortnightly basis) and the Principal Officer, in turn, should ensure to submit CTR for every month to FIU-IND within the prescribed time schedule.

The reporting requirement for a CTR is triggered when a bank customer initiates a transaction of more than $10,000, not when they complete it. If a bank customer refuses the transaction or modifies it to fall below the threshold, the bank employee is required to file a suspicious activity report.

CTRs must be filed whenever a customer makes a currency transaction exceeding $10,000, or for multiple transactions if the sum exceeds $10,000 in one day.

Structuring your transactions to dodge a CTR can result in imprisonment for up to five years and/or a fine of up to $250,000. If you are found guilty of structuring more than $100,000 over a twelve-month period or if you violated another law at the same time, the penalty is doubled.

The reporting requirement for a CTR is triggered when a bank customer initiates a transaction of more than $10,000, not when they complete it. If a bank customer refuses the transaction or modifies it to fall below the threshold, the bank employee is required to file a suspicious activity report.

The FE Notices are a set of notices to support the overall macroeconomic objective of safeguarding balance of payment and safeguarding the value of ringgit Malaysia. The FE Notices are administered under the Financial Services Act 2013 and Islamic Financial Services Act 2013.

FX policy is the process by which companies capture the growth opportunities that result from buying and selling in multiple currencies.Depending on a company's specific parameters, many types of hedging programs can be designed to protect a company from FX risk.