Banks can impose restrictions on accounts suspected of misuse - Zafrul

PARLIAMENT | Banks can impose restrictions on any customer or bank account suspected of being involved in account misuse or criminal activity, said Finance Minister Tengku Zafrul Abdul Aziz.

He said if the transaction of an account raised suspicion, the bank could impose temporary restrictions to enable a comprehensive assessment to be carried out, while ensuring that money from fraudulent or other criminal activities is not withdrawn from the account.

“This is implemented based on...