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US banks deem Malaysia a 'high-risk money laundering' destination

Aidila Razak

Published
Modified 22 Sep 2020, 8:14 am

US banks named Malaysia a destination for money laundering, prompting the banks to flag various transactions involving Malaysian firms as "suspicious".

In several reports, Malaysia was listed as a "high-risk jurisdiction for money laundering and financial crime" alongside countries like Angola, Togo, Cambodia, Niger, Indonesia and the British Virgin Islands, leaked documents show...

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