Round-the-clock breaking news from Malaysia.
Two directors of a Penang-based caster wheel manufacturer were charged in Sessions Court today with seven counts related to unpaid sales tax and penalties totalling RM193,306.28, highlighting ongoing enforcement of Malaysia's goods and services tax obligations.
Labuan FSA's deputy director-general Syahrul Imran Mahadzir has urged financial institutions to embrace data-driven, risk-based compliance frameworks to combat increasingly sophisticated digital financial crimes that transcend geographical boundaries.
Capital One Financial has responded to legal action challenging its decision to terminate banking relationships with the Trump Organisation, saying the move followed a formal anti-money laundering review process.
KPMG Australia has appointed John Sams as its new chief executive, replacing interim leader Stan Stavros. The move follows Andrew Yates's resignation over allegations he accessed confidential client information to secure audit contracts.
Malaysia's deputy agriculture minister has cautioned the durian industry against deviating from agreed phytosanitary protocols with China, as unauthorised export methods could jeopardise market access worth nearly RM868 million annually.