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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

1MDB suit does not affect US-Malaysia ties: Ambassador Yun

Posted on 10 October 2016

US Ambassador Yun believes that legal action comes under the jurisdiction of the Department of Justice, and the 1MDB civil suit will not affect the US-Malaysia ties. Outgoing US Ambassador to Malaysia Joseph Y. Yun emphasised today that the 1MDB civil suit does not affect the US-Malaysia bilateral ties.
He said the suit filed by the US Department of Justice is not a criminal case. The department is protecting the financial and banking sectors in the US to ensure no money from overseas is remitted into the country for money laundering activities…………………………………….Full Article: Source


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