The Malaysian Sovereign Wealth Fund Scandal: The story behind 1MDB

Presented by

Moderator: Samantha Sheen | Speakers: Hugo Miller, Stephen Platt and Clare Rewcastle-Brown

About this talk

The Malaysian sovereign wealth fund, 1 Malaysia Development Bhd (“1MDB”), has been the subject of extensive press coverage and regulatory scrutiny. This webinar examines the 1MDB case from an AML perspective, providing practical lessons for compliance professionals on topics including managing sovereign wealth funds, monitoring politically exposed persons (PEPs) and mitigating your institution from transactions involving the proceeds of corruption. Learning objectives •Conducting stringent customer due diligence/KYC policies on PEPs’ close associates and family members •Establishing methods to mitigate unique AML risks associated with sovereign wealth funds •Spotting transaction and business relationship red flags of possible corruption by public officials

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