Ops Viking, Money Laundering, & Boardroom Red Flags

Money laundering has evolved into a sophisticated "service" that hides behind legitimate corporate structures and public markets. Following the Ops Viking investigation, which saw over RM300 million in CDS accounts frozen due to alleged illicit funds, the risk for boardroom directors is no longer theoretical. 

Khurram Pirzada joins Enterprise Explores to explain why traditional "Know Your Customer" (KYC) is failing and why identifying the Ultimate Beneficial Owner (UBO) is now a critical board responsibility to prevent businesses from becoming criminal vehicles.

Tune In To Find Out:

• The Corporate Infiltration: How illicit funds are migrating from the shadow economy into public listed companies.

• The Integration Trap: A breakdown of the three stages and why "Integration" into assets like hotels or investments is the hardest to detect.

• Trade-Based Laundering: How criminals abuse legitimate invoicing and trade finance to move money across borders undetected.

• Identifying Control: Why identifying who truly "calls the shots" is now a global legal expectation beyond basic identity checks.

• The Crypto Bridge: How global crypto laundering uses the technology as a high-speed layering tool between banks and e-wallets.

• The FATF Effect: What Malaysia's move to FATF "regular follow-up" status means for restored international confidence and stricter local scrutiny.

• Structural Red Flags: Red flags to watch for, including layered shareholding and frequent ownership changes that serve no genuine business purpose.

• Empowering Vetoes: Why your AML framework is only as good as your compliance team’s authority to veto a transaction.

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