Asia Media founder sought by Securities Commission over money laundering offences | Malaysia

frank lamjus

KUALA LUMPUR, April 27 — The Securities Commission (SC) has issued a call for assistance from the public to establish the whereabouts of a wanted person in connection with offences under anti-money laundering laws.

In a statement today, SC said Wong Shee Kai also known as Ricky Wong was wanted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.

The search today followed a warrant of arrest issued against Wong by the Kuala Lumpur Magistrate’s Court on Dec 27 last year, for failing to appear before the SC’s investigating officer as required under the law.

“If found to be in breach of Section 32 (3)(a) of the anti-money laundering law, Wong will, upon conviction, be liable to a fine not exceeding RM3 million, imprisonment for a term not exceeding five years, or both under Section 32(8) of the same act,” the statement said, adding they

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Business names | ASIC – Australian Securities and Investments Commission

frank lamjus

For more information about business names, see For Business.

Log in to ASIC Connect Sign up to ASIC Connect

Register a business name using BRS

You can register a business name online using the Australian Government Business Registration Service (BRS). The BRS combines several business and tax registrations in one place, making it even easier to start a business.

Register a business name online

How to sign up for an ASIC Connect account

If you want to update your business name details (e.g. your address), you’ll need to create an ASIC Connect account. To create an account:

1. Go to ASIC Connect

This is our online service used for registering a business name. From the right hand side of the ASIC homepage, select the blue ASIC Connect box.

You’ll be taken to ASIC Connect. Select Sign up

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Unclaimed money | ASIC – Australian Securities and Investments Commission

frank lamjus

There’s around $1 billion of lost money to be claimed from bank accounts, shares, investments and life insurance policies. We explain how it becomes unclaimed and how to find out if you have lost money.

Why does ASIC hold unclaimed money?

The ‘unclaimed money’ which ASIC administers is money in bank accounts and life insurance policies which has not been touched or claimed for a certain amount of time.

This can happen when people change address or go overseas and forget to update their details with a financial institution or company that holds the money or are unaware there is money to which they have a rightful claim.

Since 2015, the time after which money becomes ‘unclaimed’ in bank accounts is seven years; previously, it was three years. Find out more about the 2015 changes to unclaimed

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Small business | ASIC – Australian Securities and Investments Commission

frank lamjus

COVID-19 information for small business

For information and support, visit:

If you are operating or are planning to operate a small business as a registered company or under a registered business name, this content is for you.

ASIC assists small business as we regulate all companies, financial markets and providers of financial services and consumer credit in Australia and manage the registration of business names.

What is a small business?

A small business is defined differently by different regulators and laws.

ASIC administers the Corporations Act 2001 and this defines a ‘small proprietary company’. From financial years commencing on or after 1 July 2019, a ‘small proprietary company’ is defined as ‘small’ for a financial year if it satisfies at least two of the below criteria:

  • an annual revenue of less than $50 million
  • less than 100
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