Getting a payment from Malaysia? He wants my Passport info??

[ManwithSupra]

Hi There,

 

I have a client in Malaysia, we have done a couple of bits of business before however instead of paying by his usual method he wants to now do bank transfer.

I don't mind this but now he is asking for my Passport number?

 

Does this sound right???

[peter richards]

i wouldnt give it to him ,probably clone it for big bucks

[JackyBoi]

Do NOT give out your passport number!!!!

[Chris Wilson]

Perfectly normal. Malaysia is cracking down on money laundering and anything over about 5000 Ringgit (around 1100 USD) is normally rigorously checked, they normally ask for all of this from the Malaysian payee:

 

 

• Name
  
• Contact Number
  
• ID/Passport (Mandatory if you are sending cash)
  
• Address
  
• Email Address
  
• Recipient's Bank Name
  
• Recipient's Bank Account
  
• Bank Address and Branch Code (Selected countries only)
  
• Purpose of Transfer (Mandatory if you are transferring more than RM5,000.50)
  

[peter richards]

well ill go to the bottom of the stairs

[Ric]

I was in Malaysia lately for business and we had to do similar things as mentioned by Chris, they get hammered for money laundering if they can't prove who it's been paid to or from

[ManwithSupra]

  Chris Wilson said:

Perfectly normal. Malaysia is cracking down on money laundering and anything over about 5000 Ringgit (around 1100 USD) is normally rigorously checked, they normally ask for all of this from the Malaysian payee:

 

• Name
  
• Contact Number
  
• ID/Passport (Mandatory if you are sending cash)
  
• Address
  
• Email Address
  
• Recipient's Bank Name
  
• Recipient's Bank Account
  
• Bank Address and Branch Code (Selected countries only)
  
• Purpose of Transfer (Mandatory if you are transferring more than RM5,000.50)
  

 

Thats reassuring to know, I must admit I was aprehensive about sending the passport number. I "trust" the guy in as much as I have done business with him before and the way he was paying before meant massive fees for him, so I understand why he is going this route as its cheaper for him.

Still, with all the dishonestly in the world you have to check some things. I did read something on the Gov website about this being a outside EU regulation thing to protect against money laundering. Its so if its investigated the Mal goverment have contacts at both ends to follow any leads.

 

I just wanted someone to backup what I read and was told by him, so thanks Chris - legend once again

 

- - - Updated - - -

 

  Ric said:

I was in Malaysia lately for business and we had to do similar things as mentioned by Chris, they get hammered for money laundering if they can't prove who it's been paid to or from

 

Ah cool cheers