The Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regulations set out by Bank Negara Malaysia requires all individuals who wish to send money overseas to first be verified with having a bank account. The reason behind this requirement is to ensure that those who are sending money have been properly verified by the banks in person and that the individual has undergone a verification process that includes identification and other security checks. This helps to ensure the safety and integrity of international money transfers and prevention of illegal activities.