NAJIB THE WORLD NO.1 FINANCIAL TERRORIST? GLOBAL CONCERN AT HIS ABILITY TO 'SECRETLY' MOVE BILLIONS WITHOUT BEING CHECKED

The international community has made the fight against money laundering and terrorist financing a priority. The world community is especially concerned about the possible consequences money laundering, terrorist financing, and related crimes have on the integrity and stability of the financial sector and the broader economy.

These activities can undermine the integrity and stability of financial institutions and systems, discourage foreign investment, and distort international capital flows. They may have negative consequences for a country’s financial stability and macroeconomic performance, resulting in welfare losses, draining resources from more productive economic activities, and even have destabilizing spillover effects on the economies of other countries.

In an increasingly interconnected world, the negative effects of these activities are global, and their impact on the financial integrity and stability of countries is widely recognized. Money launderers and terrorist financiers exploit both the complexity inherent in the global financial system as well as differences between national Anti Money Laundering and Combat the Financing of Terrorism (AML/CFT) laws and systems, and they are especially attracted to jurisdictions with weak or ineffective controls where they can more easily move their funds without detection. Moreover, problems in one country can quickly spread to other countries in the region or in other parts of the world.

"Money laundering and the financing of terrorism are financial crimes with economic effects. They can threaten the stability of a country's financial sector or its external stability more generally. Effective anti-money laundering and combating the financing of terrorism regimes are essential to protect the integrity of markets and of the global financial framework as they help mitigate the factors that facilitate financial abuse. Action to prevent and combat money laundering and terrorist financing thus responds not only to a moral imperative, but also to an economic need." says Min Zhu, Deputy Managing Director on the IMF fact sheet March 21st 2016.

We note reason for concern observing the massive money laundering scale that seems to be free and clear of any Malaysian governance, law and justice. Malaysia proofs to the entire world that money laundering in largest scales of billions of USD is possible to be organised in Malaysia. We caution the world that this poses in our opinion additional unwanted risks of terrorist organisations using Malaysia as a money laundering hub in South East Asia. Money flows to and from the Middle East seem to pass unnoticed over years passed the regulators and worst, passed Bank Negara.

This is a clear and present danger to Malaysia in much testing times in the global combat against Terrorism and Organised Crime. The IMF and all international Prosecutors working on revealing the massive 1MDB heist ought to exert more pressure on Putraya to literally clean up the prevailing criminal money laundering in Malaysia. The Rating Agencies should take a closer look as they still and irresponsibly maintain singe A ratings for a nation that behaves like a single B nation in terms of governance and dictatorship oppressing its people and institutions.

The international rating agencies get it wrong, again. This is a seriously dangerous mix posing serious risks for international investors per se given the fact that Bank Negara has a total lack of grip over the situation. Since Putraya confirmed being hands off in our opinion regarding any due process investigations in to 1MDB, SRC and the assassinations of Hussain Najadi, Altantuya and Kevin Morais, International Prosecution Offices and Law Enforcement have to take charge and enforce Justice in Malaysia. This is a new dimension and it is one that is seen in our eyes as the only logical consequence taking down organised crime and prevent Terrorist Financing. Malaysia poses a serious security risk to Malaysia and the rest of the world.

The world can not tolerate states that condone Money Laundering a the highest levels, no one really can tolerate this in our dangerous times of global terrorism on the rise. Malaysia can not be the fatal exception to the rules." said Pascal Najadi via phone from Geneva, Switzerland.

- MAILBAG