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17 Goldman Sachs charged over criminal activities linked to the 1MDB

Malaysian government filed criminal charges against 17 directors of Goldman Sachs as a result of further investigations linked to the 1MDB fund which is known as the number one Multi-Billion Dollars corruption scandal in Malaysia.

According to the investigators, the criminal activities were accompanied by a number of false documents including statements which covered the reality of the criminal endeavour.

Attorney General Mr. Tommy Thomas noted that both fines and custodial sentences were part of the request upon the charges.

Each charge carries a maximum of 10 years of incarceration and penalties of up to 1million ringgit.

Source

https://www.reuters.com/article/us-malaysia-politics-1mdb-goldman/malaysia-files-criminal-charges-against-17-goldman-sachs-executives-idUSKCN1UZ0DI

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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