SRC trial: BNM official says Najib won’t be tipped off on suspicious transactions in his account
Datuk Seri Najib Razak at Kuala Lumpur Court Complex May 8, 2019. — Picture by Yusof Mat Isa
Ahmad Farhan was the BNM investigating officer in charge of a probe on the AmBank Group over its failure to give the STR on multiple transactions in six accounts — including four of Najib’s current accounts and two credit card accounts linked to him, which the bank was later fined for in November 2015.
But Ahmad Farhan replied that this would not be allowed under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 .“The reporting institution should not disclose. They only submit STR, the reporting institution not allowed to disclose to the person. “If AmBank had reported STR transaction by transaction, then there’s a possibility that Bank Negara in the investigation or any of the enforcement agencies like MACC or the police would have to call the account holder to explain the suspicious transaction. That’s not tipping off, that’s investigating,” Shafee asked.“I have no comment. That one is inference question, you say should have My answer to your question is I have no comment.
Ahmad Farhan, a manager at BNM’s Financial Intelligence and Enforcement Department, today explained that STR received by the central bank would be sent to a separate BNM unit that analyses and examines the STR.
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