Malaysian Shuffle: Following the Illicit Money Flows and Shell Companies That Robbed 1MBD
九月 14, 2022
12:00PM - 2:00PM ET
Webinar series - Global Transparency Loopholes
In this four-part webinar series, we examine fugitive financier Jho Low and his ability to create a web of shell companies. We learn how he avoided detection by abusing shell companies, nominees, trusts and complex legal arrangements. In this session, we look at the loopholes that enabled him.
Reviewing the processes of formation agents and how inherent AML weaknesses can elevate risks of facilitating financial crime such as conveyance of corrupt proceeds
Tracing flow of billions of dollars from 1MDB to offshore jurisdictions and entities to detail use of cross-border transfers, shell firms and other tools to evade regulatory scrutiny
Analyzing how syphoned 1MDB funds were integrated into economy via investments such as luxury real estate, fine art and Hollywood movie production without detection
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