Bank Negara Account Freezing

Why winning the criminal case does not always mean getting your money back, how the lower civil standard of proof works in forfeiture, and what the Federal Court has said in JJ Power and Kuala Dimensi

What merchants, traders and service providers can do when scam money passes through their accounts, how to keep the business running, and how the courts separate clean business income from tainted funds

What happens to scam money once the police freeze the account it went into, why it does not automatically come back to the victim, and the steps victims must take to claim it

Why freezing and seizure orders under the Anti-Money Laundering Act do not last forever, what stops the clock, and what the courts have said when the authorities held on too long

It often starts with a failed transfer. A payment does not go through, and the bank says only that the account has been frozen on instructions from an enforcement agency. In one reported case, a political party discovered that its accounts were frozen only when several banking transactions could not…

Most Malaysians know Section 420 of the Penal Code as the “cheating” section. It is the provision usually cited in police reports on online scams, fake investment schemes and dishonest business deals. Fewer people realise what can happen after a cheating report is lodged. The investigation does not always stop…

A single police report of cheating can set off a money laundering investigation that freezes the accounts of the suspect, the suspect’s family, and anyone whose account the money passed through. This article explains how it happens, who is at risk, and what you can do.

When the Government seeks to forfeit property under the anti-money laundering law, banks, buyers, creditors, investors and even victims can come forward to claim it. But the law sets five demanding conditions, and many genuine claimants have failed to meet them.

Under the anti-money laundering law, property can be taken permanently by the Government even if no one is ever charged. The rules are strict, but so are the limits, and innocent owners, sellers and third parties have real grounds to resist.

A freeze or seizure under the anti-money laundering law is meant to be temporary. Knowing how long it can last, what you may ask for and when the courts will step in can help owners protect what is rightfully theirs.

When people think about money laundering, they usually picture banks. But criminals also try to clean their money by buying gold and jewellery, purchasing property, setting up companies or channelling funds through a professional’s client account. For this reason, Malaysian law places a group of businesses and professionals in the…

Every day, banks and other businesses in Malaysia quietly report suspicious transactions to Bank Negara Malaysia. What happens to that information, who gets to see it, and how is it kept confidential?