Bank Negara Malaysia should to do away with the requirement to report on large amounts in transactions, if it doesn't want to probe 1MDB transfers, a lawmaker said today.

Segambut MP Lim Lip Eng argued that if both the police and Bank Negara refuse to investigate or take action against two senior AmBank officers who had allegedly assisted in the transfer of money from 1Malaysia Development Bhd or the company’s subsidiary to Prime Minister Najib Abdul Razak’s accounts.

Lim said this after lodging a police report at the Dang Wangi district police headquarters based on a Wall Street Journal (WSJ) report which had claimed that Najib’s family friend Low Taek Jho had supposedly handled his personal bank accounts at AmBank with the assistance of an AmBank banker and a senior AmBank executive.