The Finance Ministry had revealed in a written reply to the Dewan Rakyat that investigations on financial institutions had been carried out over ties to funds linked to 1MDB under the Financial Services Act 2013, Islamic Financial Services Act 2013, and Anti Money Laundering Act 2001, The Edge reported yesterday.
The written reply was in response to Petaling Jaya Utara MP Tony Pua’s request that the ministry reveal the actions taken against the AmBank bankers.
“Based on investigation results, enforcement actions have been duly executed by Bank Negara with the power provided to it under the law,” the ministry’s reply said, without giving any details on the particular actions taken.
However, in its reply, the ministry said that Bank Negara could share its investigation results with any enforcement agencies as well as provide full cooperation with the agencies that are conducting their own investigations.
Last April, Bank Negara had fined 1MDB an undisclosed amount for failing to comply with instructions regarding the amendment of funds.
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