BNM did not want to 'tip off' Najib about transactions from his accounts, court told

May 8, 2019 2:42 PM

BNM investigating officer, Ahmad Farhan Sharifuddin said the “examination” on July 6, 2015 was conducted on the Ambank headquarters in Jalan Raja Chulan, Kuala Lumpur under Section 14 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. Ambank’s Jalan Raja Chulan branch manager R Uma Devi had said based on bank records between 2011 and 2013, RM2.6 billion went into an account belonging to Najib which was opened on Jan 13, 2011.

He said Ambank was issued a compound fine for its breach under the anti-money laundering law but he did not disclose the amount. It is said BNM raided the bank following The Wall Street Journal’s report on July 2, 2015 that large amount of money was found in Najib accounts.

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