Home Tags Money Laundering
Tag: Money Laundering
Malaysia is reportedly discussing a $2 billion payment from Goldman Sachs for its role in the 1MDB scandal
Officials have publicly demanded $7.5 billion from the bank for helping the state investment fund to raise $6.5 billion, most of which went missing.
European authorities have moved to crack-down on money-laundering scandals within major banks in recent months.
The investment banker Ellias Nimoh Preko was convicted of laundering millions of dollars for a state governor in Nigeria.
His trial starts next week.
‘Wolf of Wall Street’ producer returns US$14 million in gifts allegedly bought with stolen 1MDB funds – including a vintage ‘K...
The haul of gifts included a vintage French "King Kong" poster, a Jean-Michel Basquiat art piece and several luxury watches.
But Prime Minister Mahathir Mohamad said that he still considered the funds "lost" unless they were formally recovered.
‘Stop pretending to be stupid’: Finance Minister roasts MCA for claiming RM15 million 1MDB funds were legal
"No self-respecting country in the world would allow you to sanctify illegal money," he said.
Najib has been charged with 42 criminal offences related to losses at 1MDB and other state entities, but has consistently denied wrongdoing.
The FBI is reportedly investigating Deutsche Bank over money-laundering regulation compliance, including transactions connected to Jared Kushner
Last month, a whistleblower named Tammy McFadden told The New York Times she flagged suspicious transactions between Kushner and Russians.
A Wells Fargo personal banker pleaded guilty to helping launder millions of dollars for drug traffickers like the Sinaloa cartel
Money-laundering organizations recruited people who would open bank accounts for the cartel's drug money, according to US investigators.