AML Failures | Global Asset Recovery | Legal Exposure On July 1, 2025, court-appointed liquidators of Malaysia’s scandal-ridden sovereign wealth fund, 1MDB, filed a US$ 2.7 billion civil lawsuit against Standard Chartered in Singapore’s High Court. The claims assert that Standard Chartered enabled fraud by permitting more than 100 suspicious intra-bank transfers from
Tag: banking
Navigating Data Privacy Compliance in Global Cross-Border Transactions
Privacy Laws | Data Protection | International Compliance Data is the currency of cross-border business, this is becoming a evident in a globalized world. Whether it’s the transfer of customer profiles, behavioral analytics, employee records, or cloud-hosted SaaS services, multinational transactions routinely involve the movement of personal data across jurisdictions. However,
Banking Malware: The Role of Strong Legislation and Regulation in Protecting Financial Victims
In an age where digital threats continue to evolve, one of the most insidious forms of malware to emerge in recent years is the Vultur banking trojan. Initially making its presence known on Android devices, this malware has since gained notoriety for its ability to bypass traditional security mechanisms, tricking users