Indonesia, Brunei agree to cooperate on anti-money laundering World

Indonesia, Brunei agree to cooperate on anti-money laundering

The Governor of Bank Indonesia, Perry Warjiyo, and Managing Director of Brunei Darussalam Central Bank (BDCB), Rokiah Badar, have agreed to cooperate in combating money laundering and prevent the financing of terrorist activities in the payment system.
Deloitte to pay Malaysia 80 mln USD in 1MDB-related settlement World

Deloitte to pay Malaysia 80 mln USD in 1MDB-related settlement

Audit firm Deloitte PLT agrees to pay the Malaysian government 80 million USD to resolve all claims related to its auditing of accounts of state fund 1MDB and its unit SRC International from 2011 to 2014, said Malaysia’s Ministry of Finance on March 3.
Indonesia freezes Islam group-related bank accounts World

Indonesia freezes Islam group-related bank accounts

Indonesia’s Financial Transaction Reports and Analysis Centre (PPATK) has temporarily frozen bank accounts belonging to the recently banned Islam Defenders Front (FPI) and its affiliated groups on suspicion of money laundering.
Singapore to stop issuing 1,000 SGD notes World

Singapore to stop issuing 1,000 SGD notes

Singapore will stop issuing 1,000 SGD notes from January 1 next year to reduce money laundering and terrorism financing risks, said the Monetary Authority of Singapore (MAS) on November 3.
Malaysia postpones former PM’s 1MDB trial World

Malaysia postpones former PM’s 1MDB trial

The High Court of Malaysia has agreed to postpone Najib Razak’s 1Malaysia Development Berhad fund (1MDB) trial as the former Prime Minister is currently under 14-day home quarantine following his return from Sabah, the state with the highest COVID-19 tally in the country, on September 27.
Cambodia uncovers 75 money laundering cases World

Cambodia uncovers 75 money laundering cases

Cambodia’s Interior Ministry has so far cracked down on 75 money laundering cases, seized about 8 million USD and confiscated nearly 3,000 vehicles, since the Financial Action Task Force (FATF) placed the country on its grey list a year ago.
Vietnam prioritises counter-terrorism Society

Vietnam prioritises counter-terrorism

Deputy Prime Minister Truong Hoa Binh, head of the Anti-Money Laundering Steering Committee, has urged the Ministry of Public Security to coordinate with the State Bank of Vietnam to provide information and data proving Vietnam’s priority to counter terrorism and terrorist financing.
Thailand boosts cooperation in fight against money laundering World

Thailand boosts cooperation in fight against money laundering

Thailand's Anti-Money Laundering Office (AMLO) said on September 6 that it is expanding international efforts to cope with sophisticated money laundering through its cooperation with countries in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
Steering committee reviews anti-money laundering work Politics

Steering committee reviews anti-money laundering work

The Anti-Money Laundering Steering Committee convened a meeting in Hanoi on September 3 to discuss activities serving the Asia-Pacific Group on Money Laundering (APG)’s upcoming mutual evaluation of Vietnam’s mechanism to fight money laundering and terrorist financing.
HCM City to combat laundering in real estate Business

HCM City to combat laundering in real estate

The Ho Chi Minh City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.