What is illegal remittance? Illegal remittance is sending money overseas through companies that are not authorised by Bank Negara Malaysia 1 to conduct such business. There are no money-back guarantees if you deal with...
What is a remittance? A remittance of funds overseas is a payment made to a person in another country. This includes sending money to children studying overseas, foreign workers sending money to families back in their...
When do I need foreign currency? Where do I exchange currency? Foreign currency notes and coins are normally required if you want to travel overseas. Importers and exporters, require foreign currency for making payment for their imports and other trade...
