money laundering

(Dec 5): The US attorney-general described a multi-billion dollar corruption scandal involving a Malaysian state fund as the worst form of kleptocracy, and said the US Department of Justice (DoJ) was working to provide justice to the victims.

SINGAPORE (Oct 25): Singapore doesn’t plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said.

KUALA LUMPUR (Oct 23): Malaysia has asked Interpol to try to locate a Malaysian financier for questioning over his suspected involvement in a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB), the deputy prime minister said on

(Aug 11): The US is moving forward with a criminal investigation into money stolen from a Malaysian state investment fund that allegedly was used to acquire about US$1.7 billion ($2.3 billion) in real estate, art, jewelry and other assets.

KUALA LUMPUR (June 29): Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

(June 16): Actor Leonardo DiCaprio has turned over an Oscar won by Marlon Brando to U.S. investigators probing alleged money laundering by a state-owned Malaysian investment fund 1MDB, his representatives said on Thursday.

SEATTLE (June 2): China’s three biggest bitcoin exchanges are ending a self-imposed moratorium on withdrawals, helping the cryptocurrency to resume its record-breaking rally.

KUALA LUMPUR (April 24): Malaysia reached an agreement to pay Abu Dhabi about US$1.2 billion ($1.7 billion) as settlement over the debt of embattled government fund 1Malaysia Development Bhd.

SINGAPORE (April 6): Swiss Attorney General Michael Lauber said on Wednesday that his money laundering investigation into Malaysian fund 1MDB was making progress despite Malaysian authorities' refusal to cooperate.

SINGAPORE (Nov 23): Swiss private bank Julius Baer Group Ltd. is pushing ahead with a recruitment drive in Asia, hiring close to 20 Singapore-based bankers from BSI SA, the wealth manager caught up in the scandal surrounding 1Malaysia Development Bhd., ac