What is it about?

The 1MDB corruption scandal has been one of the most complex fraud and money laundering schemes to date. High-level corruption that involved top management and even the Malaysian prime minister caused the sovereign wealth fund to collapse and international authorities to investigate a number of actors and entities involved in the scandal. This article examines how Swiss banks facilitated the money laundering scheme around 1MDB.

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Why is it important?

The Swiss banking sector, and particularly banking secrecy played a significant role in the 1MDB corruption scandal. The connection has thus far not been discussed in depth by other research.


This case study is particularly interesting because of the many infamous actors involved in the scandal. Readers will be left incredulous by how cunning these individuals acted to pull off the scheme.

Marie-Christin Falker

Read the Original

This page is a summary of: The 1MDB case and the Swiss banking sector, Journal of Money Laundering Control, June 2020, Emerald,
DOI: 10.1108/jmlc-04-2020-0037.
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