All posts tagged "Najib Razak"
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19.9KAML / 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 -
183AML / KYCMalaysia 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 -
435AML / 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 -
408AML / 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 -
434AML / 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 -
735AML / 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 -
1.2KAML / KYC
US 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 -
2.4KAML / 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 -
1.1KAML / 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 -
680AML / 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
