<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 7): The Ministry of Finance (MoF) said "actions" were taken against both AmBank bankers Joanne Yu and Cheah Tek Kuang by Bank Negara Malaysia for covering up money laundering transactions relating to 1Malaysia Development Bhd (1MDB) fund.</p></div>

<div class=newsTextDataWrapInner><p>In its written reply to Petaling Jaya Utara Member of Parliament Tony Pua Kiam Wee, MoF said Bank Negara has undertaken investigations on financial institutions relating to 1MDB under Financial Services Act 2013, Islamic Financial Services Act 2013, and Anti Money Laundering Act 2001.</p></div>

<div class=newsTextDataWrapInner><p>However, MoF did not say what those actions were.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pua, in his query dated Oct 31, requested the MoF to state actions taken against Yu and Cheah for the said conduct.</p></div>

<div class=newsTextDataWrapInner><p>"Based on the investigation results, enforcement actions have been duly executed by Bank Negara with the power provided to it under the law," it said.</p></div>

<div class=newsTextDataWrapInner><p>"Bank Negara can also share its investigation results with any enforcement agencies, and provide full cooperation with the agencies that are investigating the matter," it added.</p></div>

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KUALA LUMPUR (Nov 7): The Ministry of Finance (MoF) said "actions" were taken against both AmBank bankers Joanne Yu and Cheah Tek Kuang by Bank Negara Malaysia for covering up money laundering transactions relating to 1Malaysia Development Bhd (1MDB) fund.

In its written reply to Petali...

MoF says 'actions' taken on bankers for covering up 1MDB fund misappropriation

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<p>PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).</p>
