money laundering

The 10 suspects have been arrested and denied bail. Investigations are ongoing

MAS said in its 2019-2020 enforcement report they have imposed $11.7 million in civil penalties and 9 convictions for misconduct.

MAS says it will discontinue the issuance of the note from Jan 1, 2021.

(Nov 5): Malaysia is working to locate at least US$4.3 billion ($5.8 billion) in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.

SINGAPORE (July 12): The US Department of Justice is investigating Deutsche Bank AG as part of a broadened probe of Malaysia’s scandal-plagued 1MDB investment fund, according to a person with knowledge of the matter.

(June 26): Vincent Cheah and Shaik Aqmal also started The Malaysian Insider in 2007 before Jho Low took over the funding from 2010 to 2014, investigations reveal.

KUALA LUMPUR (June 21): Former SRC International Sdn Bhd director Datuk Suboh Mohd Yassin told the High Court yesterday that he was directed to leave the country at the height of the 1Malaysia Development Bhd (1MDB) scandal in 2015.

KUALA LUMPUR (May 8): The Government and the police have filed a civil forfeiture suit against former premier Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and several others in relation to jewellery, cash, handbags and luxury vehicles said to

KUALA LUMPUR (May 6): Former Goldman Sachs banker Roger Ng has been sent to the United States to face charges over 1MDB-related offences in a deal worked out between Malaysian investigators and the US Department of Justice (DOJ).

(May 5): Singaporean authorities are preparing to return about $35 million surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.