Malaysia to install banknote scanners to stem cash outflow

(THE STAR/ASIA NEWS NETWORK) – High-tech scanners capable of detecting bank notes in luggage are to be installed at all entry and exit points in the country to curb the illegal outflow of money that has amounted to billions of ringgit.

Customs deputy director-general Datuk Zainul Abidin Taib said seven such scanners had already been installed at the KL International Airport while the rest would be fitted by the end of the year.

The scanners, costing RM300,000 (S$124,150) to RM1.8 million each and similar to those in many other international airports, were installed at the carousel and outbound checking areas of the KLIA, he added.

He also said that several million ringgit had been seized from businessmen trying to smuggle money out last year.