GLOBAL WITNESS CALLS FOR US GRAFT OVERHAUL AFTER 1MDB

HUMAN rights group Global Witness is calling for a revamp of US money laundering regulations and enforcement to target banks, auditors and lawyers that enable wrongdoers. The call follows a detailed analysis by the non-governmental organisation of the alleged 1MDB Malaysian investment fraud, with Global Witness criticising how Malaysians Riza Aziz and Jho Low were able to siphon billions through the US to fund a lavish Hollywood lifestyle – the two deny wrongdoing. The analysis, called ‘The Real Wolves of Wall Street’, shows “a clear failure” of banks ...


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