Najib moving monies from one personal account to another considered AMLA offence, court hears

KUALA LUMPUR: The High Court here on Tuesday (Nov 7) was told that Datuk Seri Najib Razak's action of moving RM150mil and RM12mil from his personal account to another personal account in AmIslamic bank is categorised as an offence under the Anti-Money Laundering Act (AMLA).

Assistant Director of the Anti-Money Laundering Criminal Investigation Division, ACP Foo Wei Min said from a theoretical point of view, money laundering from one account to another is considered layering, which is one of the stages in the money laundering process.