<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 7): The Ministry of Finance (MoF) said "actions" were taken against both AmBank bankers Joanne Yu and Cheah Tek Kuang by Bank Negara Malaysia for covering up money laundering transactions relating to 1Malaysia Development Bhd (1MDB) fund.</p></div>

<div class=newsTextDataWrapInner><p>In its written reply to Petaling Jaya Utara Member of Parliament Tony Pua Kiam Wee, MoF said Bank Negara has undertaken investigations on financial institutions relating to 1MDB under Financial Services Act 2013, Islamic Financial Services Act 2013, and Anti Money Laundering Act 2001.</p></div>

<div class=newsTextDataWrapInner><p>However, MoF did not say what those actions were.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pua, in his query dated Oct 31, requested the MoF to state actions taken against Yu and Cheah for the said conduct.</p></div>

<div class=newsTextDataWrapInner><p>"Based on the investigation results, enforcement actions have been duly executed by Bank Negara with the power provided to it under the law," it said.</p></div>

<div class=newsTextDataWrapInner><p>"Bank Negara can also share its investigation results with any enforcement agencies, and provide full cooperation with the agencies that are investigating the matter," it added.</p></div>

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KUALA LUMPUR (Nov 7): The Ministry of Finance (MoF) said "actions" were taken against both AmBank bankers Joanne Yu and Cheah Tek Kuang by Bank Negara Malaysia for covering up money laundering transactions relating to 1Malaysia Development Bhd (1MDB) fund.

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<p>All applications for pardons related to offences committed in the Federal Territories of Kuala Lumpur, Labuan and Putrajaya must be submitted to the Pardons Board, which is chaired by the King, said the Attorney General's Chambers (AGC).</p>


<p>Russia's Vladimir Putin on Saturday apologised to Azerbaijan's president for a "tragic incident" which happened in Russian airspace involving an Azerbaijan Airlines passenger plane that crashed after air defences were used against Ukrainian drones.</p>


<p>China’s central government urged local authorities to offer handouts to people struggling with the cost of living, <em>Xinhua News Agency </em>reported, citing a notice from the Ministry of Civil Affairs.</p>


<p>The future of gas transit through Ukraine is at a turning point. If a last-minute deal isn’t struck by Wednesday, billions of cubic meters in gas flows could come to a halt.</p>


<p>The recent Court of Appeal decision in the case of <em>Zuraida Bte Kamaruddin v Saifuddin Nasution bin Ismail</em> stirred interest not just within the legal fraternity but caused public disquiet due to its wide-reaching implications on the political scene and society at large.</p>


<p>British Prime Minister Keir Starmer has asked the country's regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, <em>Sky News</em> reported on Saturday.</p>


<p>The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.</p>
