Former Malaysian prime minister Najib Razak is accused of pilfering billions from state fund 1MDB. Photo: EPA-EFE

After 1MDB, Malaysia’s central bank to toughen laws on money laundering

  • Malaysia has been on a drive to curb corruption following the 1MDB scandal, which saw billions looted from the state fund
  • Starting next year, the regulator is increasing its supervisory and enforcement of anti-money-laundering compliance, with plans to pursue more deterrent action
Topic |   Malaysia

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Former Malaysian prime minister Najib Razak is accused of pilfering billions from state fund 1MDB. Photo: EPA-EFE
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