All posts tagged "Najib Razak"
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282AML / KYCMalaysia Secures Settlement from Deloitte to Resolve 1MDB Claims
Malaysia’s Finance Ministry is also negotiating a settlement with KPMG, which was replaced by Deloitte as auditor of 1MDB in 2013.
March 5, 2021 -
310AML / KYCMalaysia Secures Settlement from AmBank to Resolve 1MDB Claims
AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.
March 1, 2021 -
691AML / 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 -
1.1KAML / 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 -
2.1KAML / 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 -
989AML / 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 -
641AML / 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 -
677AML / KYC1MDB Tainted Swiss Bank to Exit Private Banking Business
Falcon Private Bank was forced to shut down its Singapore operations in 2016. Nearly four years later, it has decided to exit private banking in Switzerland.
May 13, 2020 -
562AML / KYC
US Returns $300m of Misappropriated 1MDB Funds to Malaysia
The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.
April 16, 2020 -
674AML / KYC
Malaysia Anti-Corruption Commission Files New 1MDB-related Charges
Malaysia has filed new charges against fugitive financier Jho Low and two PetroSaudi International directors over their alleged roles in the 1MDB scandal.
February 13, 2020
