As part of our initiatives to combat money laundering and terrorist financing, since the middle of March 2024, we register the purpose of remittance which you select when you make an overseas remittance via online banking for any payee that you registered in the past without purpose of remittance.

If you are to make a remittance to the same payee but with a purpose other than "Registered Purpose of Remittance", you need to separately register the payee for that particular purpose.
For how to register a payee, see Various Procedures .

Refer to Notice  for further details.