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.

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

Who Should Attend

  • Compliance Officers
  • Technology Officers
  • Relationship Managers
  • FIU/Investigative Staff
  • Law Enforcement
  • Industry Consultants

Region/Sector

  • Global
  • Europe
  • Bank
  • MSB
  • Securities

Watch Here

Moderator

Samantha-Sheen

Bio

Sam is a financial crime prevention professional with over 15 years of practical experience in compliance. Sam holds a number of qualifications and is recognised as a subject matter expert in the field of financial crime. Sam’s previous work experience includes working as MLRO, Data Protection Officer, CCO and Group Head of AML for various financial institutions, both offshore and in Europe. Sam also worked offshore for several years as the first legal counsel to the financial regulator in Guernsey and subsequently set up the financial crime division, overseeing the examination of a variety of financial institutions. She continues to maintain ongoing engagement with other regulators on financial crime matters.

Sam has extensive training experience in the field of financial crime prevention and corporate governance matters. She has most recently been involved in projects related to FinTech businesses and the use of RegTech, to mitigate financial crime and list management relating to the screening of customers and third parties. Sam most recently worked with ACAMS Europe as its AML Director. Sam is recognised by ACAMS as a subject matter expert in sanctions and has co-authored a number of online certificate courses, facilitated working groups on 4/5AMLD in Europe and is a recognised subject matter trainer on financial crime. Originally from Montreal, Quebec Canada, Sam holds a Bachelor of Public Administration and a Law Degree, in which she is qualified as a barrister and solicitor. In addition, Sam holds her Master’s in Business, specialising in risk management.

Speakers

Hugo Miller
  • Hugo Miller

  • Legal News and Investigations Correspondent
  • Bloomberg News

Stephen Platt
  • Stephen Platt

  • Barrister & Chairman
  • Stephen Platt & Associates & KYC360 Technologies Group

Clare Rewcastle-Brown<
  • Clare Rewcastle-Brown

  • Editor
  • Sarawak Report

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