The 1MDB case will affect multiple financial institutions

Some banks have also now come forward to self-report their compliance breaches and Singapore is currently liaising with other countries relating to questionable fund flows possibly connected with 1MDB. Does your financial institution know if they are exposed to this investigation? Is your KYC policy, process and procedure defensible? Do you know where to go to check? Does your financial institution have a robust screening process? https://www.complianceinsider.com/issue-21/compliance-alerts/1mdb-investigation-exposes-weaknesses-kyc-policies-singapore-financial