"ALL Malaysian politicians, their families and associates likely to have been caught"

This is from Ganesh Sahathevan's blog. The  village idiots will not understand this. The crooky mamak will. The way I look at it, with this level of technological snooping and cross-border anti-corruption legislation, not just by the FBI in the US but also by other 'negara maju',  every single cent that was gained through corruption and cronyism will be tracked down. If not today then maybe years from now.  

Imagine 10 years down the road, you suddenly get a call from the FBI.."Err.. our investigations show that the US Dollars you used to buy that property in Country X was ill gotten money through the influence of your father / uncle / stepfather etc. Under Section HSC 10 para a,b,c,d and e you are being charged with engaging in corrupt practises.."

The village idiots will not understand this.  Never mind. Here are some thots about this from someone :

 

FBI confirms data analytics "critical component" in 1MDB investigation

FBI has gone dragnet fishing.

ALL Malaysian politicians, their families and associates likely to have been caught

by Ganesh Sahathevan

Bad news for politicians with funds in US, S'pore

US Kleptocracy Unit acts on its own intel

S'pore acts on intel collected for variety of reasons
US use variety of methods gather evidence now confirmed
“Untouchable” team uses tech tools
embedded in field offices 

unit in Washington and Los Angeles 

working in concert with similar units at SEC
FBI data analytics tracking money laundered in M'sian investigation

Financial Regulatory Forum
 

Investigators sharing investigative resources in widening circle of countries 

string of billion dollar cases among largest in history

In M'sia following money trails through Western banks 

global push toward anti-corruption never existed just a decade earlier 

amount of cooperation where traditionally (is not) 

Fraud across many borders
FBI officials detailed role in multi-country M'sian bribery investigation 

bureau to seize $1 billion in tainted assets held by U.S. intermediaries

This fraud went on around the world” 

1MDB case implicated Najib Razaka

corruption case biggest on record

FBI corruption teams start late last year and piling up cases immediately.
foreign corruption one of the fastest growing area of enforcement. 

team of financial crime specialists build corruption cases 

work requires feet on the ground, he said.
 

get as many people around the globe on the same page 

NY team of nine investigators include accountants, lawyers 

“Untouchable” team uses tech tools
 

Brazil’s Operation Car Wash sniffed out curious small-time cash transfers between a money laundering ring using a gas station as a front. That led to an undeclared beachfront property linked to the family of former former Brazilian President Luiz Inacio Lula da Silva.   The case that began as a probe of a single gas station’s money handling eventually led to charges against Lula and the impeachment of President Dilma Rousseff.  Rousseff stripped of her power 

• an era of heightened focus on regulatory enforcement around the world
• level of activity, complexity, volume, speed are all growing 
• tactics used by enforcement far more sophisticated than ten years ago 
• you have to believe more enforcement cases brought as a result 

AML just the first step in probes
 

Stopping flow of illicit funds most visible sign of anti-corruption enforcement

anti-money laundering (AML) violations point to illicit bribe and fraud 

FBI,  Swiss and different countries have evidence of same criminal activities

“Pro-active,” tech tools
use of shell companies to mask corruption 

abusive use of shells has been exposed most recently 

Key targets by geography and sector
 

global economy rife with graft

FBI top priorty on places where best chance of success

strongest U.S. relationship with Britain - leading in global anti-corruption

FBI works most closely with Europe, Latin America, Australia, Japan, HK, S'pore

FBI focusing on banks and financial intermediaries. 

Watching the middle man
Consultants are often used as intermediaries

(This article was produced by Thomson Reuters Regulatory Intelligence and initially posted on Aug. 2.  Thomson Reuters Regulatory Intelligence.)