Today I write from Berlin, staying in what was old East Berlin. Last week I spoke at an event in Malaysia. Both societies that have experienced and are experiencing (respectively) political, social and economic change that was once unimaginable.… Continue Reading
Posts Tagged: Malaysia
As noted in our previous post for the FCPA Blog, Malaysia passed the Malaysian Anti-Corruption Commission (Amendment) Bill 2018 last year. This amendment introduced a provision that holds corporations, and their directors, officers, and managers, potentially liable for failing to prevent acts of bribery and corruption.… Continue Reading
The day after the DOJ announced FCPA and money-laundering conspiracy charges against Jho Low and two former Goldman Sachs bankers, Goldman itself published an update about the 1MDB case and ongoing investigations.… Continue Reading
The former chairman of Goldman Sachs in Southeast Asia pleaded guilty to FCPA and money laundering conspiracies in connection with a plot to loot the Malaysian sovereign wealth fund 1MDB.
In the wake of Malaysia’s 14th General Elections in May this year, an important piece of legislation seems to have slipped under the radar.
The Malaysian Anti-Corruption Commission Act 2009 was amended to introduce corporate liability for bribery and corruption for the first time.… Continue Reading
The Malaysian anti-corruption agency arrested ex-PM Najib Razak’s wife Wednesday for laundering money looted from the 1MDB sovereign wealth fund.
Eight former agents from Malaysia’s foreign intelligence agency were arrested this week for allegedly stealing $12 million in government funds.… Continue Reading
The $250 million super yacht once belonging to 1MDB fugitive Low Taek Jho docked in Malaysia Tuesday.
Malaysia’s former prime minister Najib Razak was charged Wednesday with three counts of money laundering tied to the looting of billions of dollars from a government sovereign wealth fund.
Police in Malaysia said Najib stole about $10 million from a unit of 1MDB called SRC International.… Continue Reading
Political developments in Malaysia should provide a governance “wake up call” for international companies operating in the country, which urgently need to review their relationships with local business partners. If they did not conduct integrity due diligence before entering these relationships, they should consider doing so now.… Continue Reading
In 2007 Dick Cassin had the idea of starting the FCPA Blog. His mission: “to help compliance professionals and others everywhere understand how corruption happens, what it does to people and institutions, and how anti-corruption laws and compliance programs work.”… Continue Reading