Malaysia doesn't recognise sanctions by individual nations, says Saifuddin
Published on: Thursday, May 09, 2024
By:
FMT, Ameera Huda
Home minister Saifuddin Nasution Ismail said his meeting with the US Treasury department’s delegation earlier today was productive. (Bernama pic)
Kuala Lumpur: Malaysia does not acknowledge sanctions imposed by individual countries, home minister Saifuddin Nasution Ismail said today.
He said this after a meeting with the US Treasury department’s top sanctions official Brian Nelson, which Reuters reported would revolve around the risk of sanctions following an uptick in money moving to Iran and its proxies through Malaysia.
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Saifuddin said he had reiterated Malaysia’s stand on international sanctions at the meeting with Nelson and his delegation earlier today.
“I emphasised that we will only recognise sanctions if they are imposed by the United Nations Security Council. The delegation from the US respected our stance,” he told reporters after an event here.
Saifuddin also said the meeting with Nelson and his delegation had been productive as he was able to share the country’s official stance from a security perspective.
The minister said he had stated Malaysia’s commitment to combating terrorism financing, with a clear strategic plan in place to tackle illicit funding and money laundering.
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“The policies and strategies we outlined comply with international standards,” he said, adding that Malaysia was always open to engaging with the US.
However, he said several concerns raised by the officials involving certain individuals and companies in Malaysia needed further verification by his ministry.
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Yesterday, Saifuddin said he would explain Malaysia’s official stance on issues related to funding for Iran and its proxies.
Reuters had reported that the US had concerns about an increase in funds being channeled through the Malaysian financial system to Iran and its proxies, including Hamas, which Malaysia has maintained close relations with.
The US has branded Hamas as a terrorist organisation.
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