MALAYSIA, THE LARGEST COUNTRY FOR EVADING SANCTIONS

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~ Contributed & Written by Kenneth Rijock

RAISE COUNTRY RISK ON MALAYSIA
 

The extensive use of Malaysian financial institutions to evade international sanctions against Iran, and Iranian ownership of Malaysian banks, has become a problem.

 

A major player in the sanctions evasion game, already sanctioned in the US, and recently sanctioned by the EU, freely disclosed in an interview that Malaysian banks were his primary means of evading sanction on receiving payments for Iranian oil, and that he has successfully moved funds equal to trillions of Rials ( that's the equivalent of billions of US Dollars) into Iran.

 

You are advised to closely examine all future major wire transactions involving Malaysian banks, conduct an immediate review of all your correspondent relationships with financial institutions, or non-bank financial institutions, in that country, and exit any customers with suspicious transactions.

 

Sooner or later, US regulators will get to Malaysian sanctions evaders, and you need to get out in front of this far in advance of that action.

 

 

 

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