Beneficiary details and documents required for FTT approval

What are the beneficiary reference details and supporting documents required for the Foreign Telegraphic Transfer to be approved?

Customers and the Bank must comply with the Regulatory requirements when initiating an Outward Foreign Telegraphic Transfer payment (e.g.: Foreign Exchange Notices, Statistical Reporting Enforcement Framework and etc.) and the following supporting documents are required for the processing of an Outward Foreign Telegraphic Transfer payment.

For foreign currency payments, the following are example of the supporting documents required:

Purpose of payment	Examples of documents to support transaction (non-exhaustive)	Beneficiary Reference Details
Between immediate family (parents, spouse, children and siblings only)	Marriage certificate, birth certificate, identity cards, passports	NIL
Education overseas	For sponsoring entity: Letter of award / scholarship / sponsorship, letter of offer by overseas school / college / university for sponsored student, invoice for tuition / accommodation / other fees	Student ID Number
	For individual: Letter of offer by overseas school / college / university
	For student, valid student card / pass / ID, invoice for tuition / accommodation / other fees, letter indicating estimated fees and/or living expenses for an academic year
Employment overseas	Between Residents – Employer's Letter of Offer or Letter from employer confirming employment, Staff ID, Staff Work Permit, etc	Staff ID Number
Goods & Services	Invoice, bill of lading, purchase order, delivery order, supply contract, service /tenancy / rental agreement, payment advice	Invoice Number
Loan repayment	Letter of offer or loan agreement, loan repayment schedule, promissory note	NIL
Ringgit asset, including any income and profit due	Sale and purchase agreement, receipt for purchase or sale, tenancy / rental agreement, dividend payment notice	NIL
Payment of any security or financial instrument (conventional and Islamic), payment of commodity murabahah transaction through resident commodity trading service provider, payment of derivative with a resident futures broker	Letter of account opening, contract notes with due dates, resident broker invoices to the buyer / customer	NIL

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FOREIGN TRANSFER

What are the beneficiary reference details and supporting documents required for the Foreign Telegraphic Transfer to be approved?

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FOREIGN TRANSFER

What are the beneficiary reference details and supporting documents required for the Foreign Telegraphic Transfer to be approved?

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