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QuickCheck: Are senior citizens able to claim RM500 in cash from a bank?

RECENTLY, messages have been going around social media and messaging apps claiming that those above 60 years old can go to a local bank to claim RM500 in cash. Is it true that senior citizens can claim the money simply by presenting their MyKad at Bank Simpanan Nasional (BSN) branches nationwide? According to Biar Betul, the fake...

FinCEN’s crypto mixing reporting for banks poses ‘disruptive’ risks, lawyers say

In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement Network (FinCEN) is pushing for financial institutions to impose new compliance measures in its latest reporting plan, focusing on crypto transactions involving” convertible virtual currency (CVC) mixing.” According to...

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