Malaysian company secretary fined RM50,000 for fraud and AML failures
A company secretary has been fined and lost her licence after submitting false information and failing to report suspicious transactions. Ardzlyn Hawatul Yuhanis Uyob@Ayob faced charges under both the Companies Act and anti-money laundering laws. The case highlights ongoing enforcement against financial misconduct in Malaysia.
The Companies Commission of Malaysia (CCM) revoked Ardzlyn’s practising certificate after she pleaded guilty to two offences. She had submitted false details to the Registrar of Companies about the appointment of a foreign national as a director. The transactions involved individuals linked to MB International Sdn. Bhd. and Ascent GT Sdn. Bhd.
In a separate matter, Ardzlyn failed to file two Suspicious Transaction Reports (STRs) with Bank Negara Malaysia (BNM). This breach led to two additional charges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). She was fined RM50,000 in total. BNM later reminded all reporting institutions to uphold strict controls and meet their AMLA obligations. The central bank warned that failures could result in enforcement action, including prosecution.
The case has resulted in Ardzlyn losing her professional licence and paying a RM50,000 penalty. Authorities continue to stress compliance with financial regulations to prevent money laundering and fraud. Reporting institutions must now ensure stricter adherence to legal requirements.
