Summary

This course provides finance industry professionals with a comprehensive understanding of the Goldman Sachs involvement in the 1Malaysia Development Berhad (1MDB) scandal, one of the largest financial scandals in recent history. Participants will explore the compliance breakdowns, regulatory repercussions, and key red flags related to Anti-Money Laundering (AML) obligations in this case, along with strategies to improve AML practices in their institutions.

This course is one of several courses within the Certificate in AML Case Analysis. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Understand the details and impact of the Goldman Sachs 1MDB AML failures and the key compliance issues that contributed to the scandal

• Identify red flags and risk indicators that signal potential money laundering and fraud

• Recognise regulatory obligations and AML compliance requirements that financial institutions must meet when handling high-value transactions, especially involving sovereign wealth funds

• Apply lessons learned from the Goldman Sachs case to strengthen AML controls and risk assessment practices 

Course Structure

• Section 1: Overview of the Goldman Sachs 1MDB Scandal

• Section 2: Regulatory Requirements and Compliance Obligations Impacting on the Case

• Section 3: Key Red Flags and Risk Indicators in the Goldman Sachs 1MDB Scandal

• Section 4: Lessons Learned from the Goldman Sachs 1MDB Scandal

• Section 5: Case Studies

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.