FBI investigations showed there were significant illegal transfers made through Century Banking Corporation.
Local newspapers in Mauritius say the Century Banking Corporation had its licence revoked by the Bank of Mauritius because of links to the scandal involving the state investment arm. In July the former prime minister was found guilty of all seven counts of corruption in connection with RM42 million belonging to former 1MDB unit SRC International.It said CBC did not rectify several infractions to the banking laws of the country relating to capital requirements, internal control systems, compliance with anti-money laundering and anti-terrorist financing requirements, and record-keeping obligations.
It noted that a large amount of money had also passed through accounts belonging to the “ultimate beneficiary” whom they said had taken refuge in Thailand.
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Source: NST_Online - 🏆 17. / 53 Read more »