Monday, June 14, 2021

money laundering

China arrests 1,100 over cryptocurrency money laundering

China banned trading in cryptocurrencies in 2019 and is increasingly tightening restrictions on bitcoin mining.

Over half of ‘golden passports’ were illegal, Cyprus inquiry reveals

The inquiry's report says 53% of the 6,779 passports issued were granted illegally, because of a due diligence vacuum or insufficient background checks.

Najib’s 1MDB trial postponed again

The hearing has been pushed to Thursday as his lawyer says he has yet to recover from an eye surgery which he underwent last week.

Shafee’s money laundering trial to begin after long delay

The senior lawyer pleaded not guilty to the charges in September 2018 but his trial dates were vacated to make way for the trials of former PM Najib Razak.

SRC International was a ‘one-man show’ by Najib, prosecution tells appeals court

Ad hoc prosecutor V Sithambaram says Najib 'micro-managed' the company and was a 'shadow director' despite never being formally appointed to such a post.

Businessman who escaped MACC building last year charged with RM2.1 million money laundering

Alvin Goh and his brother Goh Yeong Hui claimed trial to all seven charges against them.

Court allows bid by ex-TH chairman to stay hearing of corruption, money laundering case

Deputy public prosecutor says the prosecution received instructions from the Attorney-General’s Chambers not to object to the stay application by Abdul Azeez Abdul Rahim.

North Korean extradited from Malaysia appears in US court

Mun Chol Myong is accused of laundering money through the US financial system between April 2013 and November 2018 to provide luxury items to North Korea.

‘Datuk’ charged with laundering over RM8 million

If convicted, he faces imprisonment of up to 15 years and a fine of not less than five times the amount of the ill-gotten gains, or RM5 million, whichever is higher.

Former TH chairman fails in bid to quash corruption, money laundering charges

Judge rules among others that Abdul Azeez Abdul Rahim failed to show that the charges against him were malicious.

No proof that 27 cheques worth RM26.05 million were donations, witness says in Zahid case

MACC's Mohd Amirudin Nordin says his investigations found no supporting documents or letters to show that the cheques were donations.

Converting RM7.5 million into cheques was money laundering, witness says in Zahid’s graft case

MACC investigating officer Mohd Fahmee Mohamad Nor says this is based on his investigation into the case involving the former deputy prime minister.

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