Anti-Financial Crime & Financial Crime Compliance
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Asia-Pacific, Banking

Malaysia’s AmBank to pay government €580M for its alleged role in ongoing multi-billion-dollar 1MDB scandal

AmBank Group, one of Malaysia’s largest banking companies, has been under scrutiny for allegedly stealing $4.5B from the state fund.

By Vish Gain for AMLi

YET ANOTHER DEVELOPMENT has taken place in the multi-billion-dollar 1MDB scandal as Malaysia’s AmBank said Friday it will pay the government 2.83B ringgit (€580M) to settle claims of its role in the scandal.

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