All posts tagged "1MDB"
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1.2KAsia-PacificIndonesia Prepares to Launch Sovereign Wealth Fund
Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia's 1MDB scandal still looms large in the minds of global investors.
November 29, 2020 -
1.3KAML / KYCGoldman Resolves Remaining 1MDB Charges for $2.9bn
Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.
October 23, 2020 -
671AML / KYCGoldman US Penalty Over 1MDB to be Announced ‘Within Days’
Goldman Sachs Group has reportedly reached a more than $2bn settlement with the US DOJ over its role in Malaysia’s 1MDB scandal.
October 21, 2020 -
1.3KAML / KYCGaming Out Sanctions Risk
Sanctions specialist Eric Sohn explains how wargaming exercises can be used as a risk management tool to game out threats and enhance strategic planning.
September 27, 2020 -
536AML / KYCFinCEN Files Reveal AML Failures at Global Banks
The trove of documents shows that the banks allowed $2tr to flow through the financial system despite having flagged the transactions as suspicious.
September 22, 2020 -
1.1KAML / KYCUS Recovers $60m in 1MDB Funds from Najib Razak’s Stepson
The assets recovered include luxury real estate in Beverly Hills, New York and London, a Kentucky maintenance company, and a 1927 promo poster for the film “Metropolis”.
September 6, 2020 -
2.3KAML / KYCAPAC Regulators Issue Nearly $4bn in AML Fines in H1 2020
Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo's Rachel Woolley.
August 20, 2020 -
2.0KAML / KYCPEPs in the Limelight: Three Components to Mitigate Risk
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
August 20, 2020 -
946AML / KYCEx Coutts Banker Fined Over $700m 1MDB Transfer
The former Coutts & Co banker approved a $700mn transfer request from Jho Low, the alleged mastermind behind the 1MDB scandal, despite repeated red flags.
August 3, 2020 -
622AML / KYC
Court Convicts Former Malaysian PM in 1MDB-linked Corruption Trial
Najib Razak was found guilty of three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power.
July 29, 2020
