Clear, modern coverage of Malaysian news and analysis.
Malaysia's Labuan Financial Services Authority is pushing financial institutions to embrace data-driven compliance strategies to combat increasingly sophisticated digital financial crimes, from investment scams to virtual asset misuse.
Capital One Financial has responded to legal action over closing Trump Organisation bank accounts, asserting the decision followed a thorough review by its anti-money laundering specialists.
Cropmate, a Malaysian fertiliser company, announced the release of its previously frozen bank accounts. The firm confirmed that none of its staff, including senior management, faced legal action.
The Dutch central bank has fined ABN AMRO €8.5 million for serious deficiencies in its anti-money laundering framework, citing failures in customer monitoring between September 2023 and 2024.
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Malaysia's anti-corruption authority has concluded its investigation into HG Power Transmission, a subsidiary of listed company Rohas Tecnic Bhd, finding no breaches of anti-money laundering legislation.
The Malaysian Anti-Corruption Commission has concluded its investigation into HG Power Transmission Sdn Bhd, a unit of Rohas Tecnic Bhd, determining no further action is warranted against the company or its leadership.
The owner of Singapore's popular Eminent Frog Porridge restaurant faces 30 charges including tax evasion and money laundering, with authorities alleging concealment of nearly S$3.8 million in tax liabilities across multiple years.
Malaysia's parliament has approved a tiered penalty system for employers who neglect to notify PERKESO of job vacancies, ranging from RM1,000 to RM5,000. The framework prioritises guidance over punishment.