M’sia warned of potential financial abuse by rogue nations

KUALA LUMPUR: The United States has alerted Malaysia about its concern over illicit ship-to-ship oil transfers in Malaysian waters and the potential abuse of its financial institutions by “rogue nations and outside actors”, says a top US Treasury official.

US Treasury’s Undersecretary for Terrorism and Financial Intelligence Brian Nelson (pic) said that his trip to the South-East Asian region from Monday until yesterday revolved around two key issues, namely disrupting Russia’s ability to sustain its war in Ukraine as well as countering terrorist financing by Iran and its proxies.