The law aside for their pursuit of profit – or are the rules just not fit for International financial system, as the DoJ alleges? Are the banks, lawyers andĪuditors involved the real wolves of Wall Street – willing to put morality and Launder billions of dollars from a government-owned company through the So how did these Malaysian businessmen manage to 7 In the end, the people of Malaysia will pay the price. Happens, the Malaysian government will face a bill greater than the country’sĪnnual healthcare budget. It now appears likely that 1MDB will fail to repay itsĭebts, given the scale of embezzlement alleged to have taken place. Behind everyįlow of laundered funds lies a crime, and those crimes have victims. The UN estimates that law enforcement seize and freeze less than 1% ofĬriminal funds laundered through the international financial system. 5 Yet as expensive as this system is, it is not nearly as effective as it needs Professionals around $8 billion per year. Prevent the laundering of the proceeds of crime through the The 1MDB scandal to reveal insights about the state of the internationalĪ global anti-money laundering system exists to
#WHO IS THE WOLF OF WALL STREET FULL#
This analysis does not try to cover the full story of the scandal, or of everyīank or lawyer involved, but focuses on some of the most significant players in Range of less detailed revelations from the Panama Papers and Paradise Papers.
![who is the wolf of wall street who is the wolf of wall street](https://oyster.ignimgs.com/wordpress/stg.ign.com/2013/12/WoWS_120513_1600.jpg)
In many ways this analysis, by following one complexĬase in forensic detail, sheds far more light on this system than the vast Unique insights this case gives into how financial professionals enable This analysis reveals for the first time the Which those involved were able to launder the proceeds through the Yet while thisĬase’s sheer size is exceptional, there is nothing unique about the ways in Tackle the role of professionals who enable corruption for nearly ten years,Īnd this is one of the largest and boldest cases we have seen. At Global Witness, we have been campaigning to