All posts tagged "1MDB"
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521AML / KYCMalaysia Receives KPMG Payment to Settle 1MDB Claims
The 1MDB funds recovered so far are only enough to pay off the principal owed for 2022. The remaining debt will continue to be bourne by the government.
January 21, 2022 -
565AML / KYC
Singapore Repatriates Another $16.3m of 1MDB Funds to Malaysia
Total 1MDB assets amounting to $4.9bn have now been returned. Asset recovery is still being pursued in the US, UAE, Taiwan, Singapore, and Hong Kong, among other countries.
November 22, 2021 -
596AML / KYCPandora Papers Expose Offshore Wealth of Public Officials
Some 35 current and former leaders are featured in the Pandora Papers leak, which contains 11.9 million documents from 14 offshore services firms.
October 5, 2021 -
436AML / KYCMalaysia Secures Settlement from KPMG to Resolve 1MDB Claims
The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB's 2010-2012 financial statements.
September 18, 2021 -
22.4KAML / KYCUS Real Estate the ‘Preferred’ Money Laundering Destination: GFI
Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.
August 13, 2021 -
254AML / KYCUS DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia
The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.
August 8, 2021 -
237AML / KYC
Malaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021 -
151EnforcementUS Judge Orders Goldman, Former Execs to Face 1MDB Lawsuit
A US district court judge said it "strains credulity" for Goldman Sachs to contend it had no indication that funds were being siphoned from 1MDB.
July 2, 2021 -
291AML / KYC
US DOJ Repatriates $460m of Seized 1MDB Funds to Malaysia
Seized and repatriated 1MDB funds are being utilised to repay and service 1MDB and SRC’s debts, which remain above $10.2billion.
May 17, 2021 -
518AML / KYC
Malaysia Files 22 Civil Suits to Recover 1MDB Losses
Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.
May 11, 2021
