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The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [1] Although it began in 2009 in Malaysia, the scandal's ...
e. 1Malaysia Development Berhad ( 1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn (t) bərˈɦad]) is an insolvent [1] Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). [2] [3] In 2015, the company became the subject of a major international corruption scandal, with evidence pointing to money ...
This is a list of agencies of Malaysian federal government. The list includes statutory bodies (ticked with *) government-linked companies and organisations (ticked with **).
When a borrower fails to repay an overdue debt within a certain period, the creditor either passes the account to an in-house collection department or sells it to a third-party collection agency.
The Central Bank of Malaysia ( BNM; Malay: Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya ( Bank Negara Tanah Melayu ), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and monetary policy. Its headquarters is ...
Credit bureau. A credit bureau is a data collection agency that gathers account information from various creditors and provides that information to a consumer reporting agency in the United States, a credit reference agency in the United Kingdom, a credit reporting body in Australia, a credit information company ( CIC) in India, a Special ...
A debt buyer is a company, sometimes a collection agency, a private debt collection law firm, or a private investor, that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts. The debt buyer can then collect on its own, utilize ...
The Swedish Enforcement Authority ( Swedish: Kronofogdemyndigheten, lit. ' the crown bailiff authority'; abbreviated as KFM; colloquially known as Kronofogden) is the government agency in Sweden responsible of debt collection, distraint, evictions, and enforcement of court orders. [1] The authority also supervise trustees in bankruptcy.