KUALA LUMPUR – 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 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.
However, MoF did not say what those actions were.
Pua, in his query dated Oct 31, requested the MoF to state actions taken against Yu and Cheah for the said conduct.
“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.
“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.