How does the one-sen coins rounding mechanism work? The Malaysian Government has introduced a Rounding Mechanism to phase out one-sen coins for over-the-counter payments, which has been fully implemented since April 1, 2008. Under the mechanism,...
Who is liable for losses from online banking? The contractual arrangements for liability should provide for sharing of risks between the banking institutions and their customers. Customers should not be liable for losses that were not caused...