Malaysia freezes RM4.3 billion and seizes RM1 billion in corporate mafia probe
The Anti-Money Laundering Investigation Team in Bukit Aman froze assets worth RM4.3 billion and seized RM1 billion linked to corporate mafia crimes.
Between late 2022 and September this year, Bukit Aman’s AML team acted against corporate mafia activities, freezing RM4.3 billion and confiscating RM1 billion. Prime Minister Datuk Seri Anwar Ibrahim added that the operations also resulted in forfeiture of RM48.3 million and the imposition of RM1.1 billion in penalties. The exact composition of the frozen and seized assets was not disclosed. These actions form part of a broader crackdown on financial misconduct.
Why it matters
The crackdown targets large-scale financial crime, safeguarding Malaysia's economic integrity and deterring future corporate misconduct.
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