KUALA LUMPUR: The 1Malaysia Development Bhd (1MDB) Asset Recovery Task Force is considering legal proceedings against several foreign banks that facilitated fund transfers related to 1MDB without conducting proper know your client (KYC) processes at the material time.
Its chairman Datuk Seri Johari Abdul Ghani said the task force is firmly committed to addressing the 1MDB matter transparently and holding all parties accountable.
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