The Malaysian Sovereign Wealth Fund Scandal: The story behind 1MDB
- When: September 16, 2016
- Time: 12:00 PM – 1:00 PM BST
- Level: All
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.
- 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
Who Should Attend
- Compliance Officers
- Technology Officers
- Relationship Managers
- FIU/Investigative Staff
- Law Enforcement
- Industry Consultants
Samantha Sheen, CAMS
- Europe AML Director
Samantha Sheen is a financial crime risk professional who recently completed work with a global insurer based in Milan, Italy, where she focused on enhancing its financial crime measures across offices in three continents. Sheen previously worked as the inaugural director of the Financial Crime Division for the Guernsey Financial Services Commission. She joined the Commission in 2010 as its first legal counsel. Prior to joining the Commission, Sheen worked as legal counsel for various financial companies both in Canada and Australia. While in Sydney, Australia, Sheen worked with a large accountancy firm in its compliance advisory team before moving to Guernsey. Originally from Montreal, Canada, Sheen started her legal career in Toronto in the late 1990s.
Moreover, Sheen holds a bachelor’s degree in public administration, an LLB and a master’s degree in risk management. She is a member of ACAMS and is a graduate of the Harvard University Kennedy School of Government Strategic Management of Regulatory and Enforcement Agencies program. Sheen’s particular area of interest is in relation to the effectiveness of risk management and mitigation measures in influencing changes in staff behavior and culture within financial institutions.
- Legal News and Investigations Correspondent
- Bloomberg News
- Barrister & Chairman
- Stephen Platt & Associates & KYC360 Technologies Group
- Sarawak Report