Bank Negara says 1MDB investment abroad subjected to Exchange Control Act

KUALA LUMPUR: Bank Negara Malaysia (BNM) said on Thursday (Feb 24) that all investments abroad by resident entities are subject to the requirements under the Exchange Control Act (ECA) 1953 that was in force prior to 2013, which has since been replaced by the Financial Services Act (FSA) 2013. Read full story

Source : https://www.thestar.com.my/news/nation/2022/02/24/bank-negara-says-1mdb-investment-abroad-subjected-to-exchange-control-act