Malaysia legislation
Section 13
Section 13
(2)
The record referred to in subsection (1) shall be in such form as the competent authority may specify.
(3)
The record referred to in subsection (1) shall include the following information for each transaction:
(a)
the identity and address of the person in whose name the transaction is conducted;
(b)
the identity and address of the beneficiary or the person on whose behalf the transaction is conducted, where applicable;
(c)
the identity of the accounts affected by the transaction, if any;
(d)
the type of transaction involved, such as deposit, withdrawal, exchange of currency, cheque cashing, purchase of cashier’s cheques or money orders or other payment or transfer by, through, or to such reporting institution;
(e)
the identity of the reporting institution where the transaction occurred; and
(f)
the date, time and amount of the transaction, and shall also include such other information as the competent authority may specify in writing.
(4)
For the purposes of this Part, multiple cash transactions in the domestic or foreign currency which, in aggregate, exceeds the amount specified by the competent authority pursuant to subsection (1) shall be treated as a single transaction if they are undertaken by or on behalf of any one person during any one day or such other period as the competent authority may specify.
32 Laws of Malaysia
Report by reporting institutions