Saifuddin: US gave one-sided info on 'financing terror', verification needed
Published: May 9, 2024 9:44 PM
The US Treasury Department undersecretary for terrorism and financial intelligence Brian Nelson and his delegation had touched on the alleged involvement of Malaysian-based organisations, individuals and companies in terrorism financing activities, said Home Minister Saifuddin Nasution Ismail.
"What they presented to us is based on the one-sided information they have, which requires some verification process at our level,” he added, according to Bernama.
Saifuddin also emphasised that Malaysia only recognises sanctions put forward by the United Nations Security Council (UN) and not those by individual countries.
Last November, Prime Minister Anwar Ibrahim said Malaysia would not recognise the US’ unilateral decision to impose sanctions against foreign entities that support Hamas and the Islamic Jihad Movement in Palestine.
Describing the meeting as cordial, the minister said he reiterated Malaysia’s commitment to combating the financing of terrorism.
US Treasury Department undersecretary for terrorism and financial intelligence Brian Nelson
“We mentioned (the country's position) from the point of view of our regional commitment at the Asean level or the global level or even in policy at the Home Ministry level," he added.
According to Saifuddin, the US representative was also informed that Malaysia has a clear strategic plan to deal with illegal financing activities and money laundering.
"The policies and strategies outlined by us (Home Ministry) are in line with global regulations either at Basel II or Basel III level (Independent statistics of the risk index of money laundering and terrorist financing). They (US) are clear about that and they appreciate our efforts," he added.
Open to working with US
In the meantime, Saifuddin said Malaysia is open to working with the US to combat the issue of terrorist financing, and the matter should be comprehensive and not be a unilateral effort.
"At the same time, Malaysia is a country that upholds the principle of the rule of law, which is to practice the principle of the supremacy of the law and we have clear rules and legislation to manage matters related to the matters (issues) that they (the US) have raised," he added.
Previously, Reuters reported that Nelson’s visit followed an uptick in funds flowing to Iran and its proxies, including Hamas, through the Malaysian financial system.
In December, the US Treasury Department imposed sanctions on four Malaysian-based companies, which were accused of being fronts for supporting Iran’s drone production.
According to Saifuddin, the US representative was also informed that Malaysia has a clear strategic plan to deal with illegal financing activities and money laundering.
"The policies and strategies outlined by us (Home Ministry) are in line with global regulations either at Basel II or Basel III level (Independent statistics of the risk index of money laundering and terrorist financing). They (US) are clear about that and they appreciate our efforts," he added.
Open to working with US
In the meantime, Saifuddin said Malaysia is open to working with the US to combat the issue of terrorist financing, and the matter should be comprehensive and not be a unilateral effort.
"At the same time, Malaysia is a country that upholds the principle of the rule of law, which is to practice the principle of the supremacy of the law and we have clear rules and legislation to manage matters related to the matters (issues) that they (the US) have raised," he added.
Previously, Reuters reported that Nelson’s visit followed an uptick in funds flowing to Iran and its proxies, including Hamas, through the Malaysian financial system.
In December, the US Treasury Department imposed sanctions on four Malaysian-based companies, which were accused of being fronts for supporting Iran’s drone production.
Meanwhile, The Star quoted Saifuddin as stating at a different event that the US delegation raised specific examples for Malaysia to look into.
"I responded to some of the issues raised which involved certain organisations.
"I stated that the organisation is being subjected to an ongoing investigation, their assets frozen and they were charged as well," he added.
Stand with Hamas
ReplyDeleteStand with Ayatollahs.
Fuck the Wankees..
Wakakakakka
Oooop… DON'T forget to repeat this chant in yr wet dream. It helps to prolong yr needed sleep!
DeleteEconomy in deep shit and want more shit
ReplyDeleteStupid or what
Total muppets
Malaysian ringgit will breach the $5 with US dollar before
end of the year
Malaysia regards Hamas killing of Israeli civilians as legitimate.
ReplyDeleteSo Malaysia and US are talking totally different wavelengths on the subject of terrorism.
I have a very bad expectation of the outcome of the talks. The Malaysian financial system may well take a significant hit in terms of access to the international financial system.
All the bravado about Malaysia will not recognise US unilateral sanctions will eventually collide with raw Wankee power in the international financial transactions.
Malaysia companies may end up having to do international trade through shady no-name fly -by-night operators.
Malaysia is a country that upholds the rule of law........hahahahaha
ReplyDeleteIrregardless of how ones viewed our ministers, positive or negative, in the context of external forces or grand scheme of things, we will be in for a ride of our own, as Malaysian. How many can hold the line? Some may have hold it, despite the impefection of it and definitely unpleasant, all will be challenge to do likewise or perish in the yoke of tyranny.
ReplyDeleteAs Galadriel puts it in her monologue, in the opening of the Lord of the Ring, "The world is changing."
~~~~~
https://twitter.com/MyLordBebo/status/1788821119266357400?t=mdlOZi6l9CJe2MkpwJfLlw&s=19
🇧🇾🇺🇸 Lukashenko says:
- The US is printing money, unloading the inflation on other countries holding their dollars.
- Other nations are afraid of their assets being stolen now, they say “If they treat a nuclear powers like that, what will happen to us?”