1 MDB: MAS investigating NAB,as well as 40 other banks: Implications for BNZ's Anthony Healy and New Zealand regulators ,even as ANZ ,AUSTRAC et al maintain their 3-monkey stance

by Ganesh Sahathevan
The Australian's Ben Butler reported this morning of 31 March 2016:


It is believed that the Monetary Authority of Singapore has asked close to 40 banks with a presence in the city-state to provide information about money flows from entities linked to 1MDB. Flows into accounts at ANZ and NAB are believed to be among those queried but it is not known whether the MAS questioned the Australian banks or the banks providing the funds.

Transfers of as little as $50,000 are believed to be under scrutiny by the MAS, which is investigating whether the haul was split into small bundles in a bid to escape notice. ANZ and NAB decline­d to comment.

That the NAB has now been drawn into the investigation raises questions about the role played by BNZ's CEO Anthony Healy,and whether the 1 MDB investigation should extend to New Zealand,:

ANZ control and management of AMMB accounting means 1 MDB scandal is well within the jurisdiction of APRA,AUSTRAC and the AFP:Westpac & ASX director Peter Marriot added to the list as is NAB's Anthony Healy

Australian regulatory authorities ,following the lead of ANZ chairman David Gonski continue to maintain their  three monkey stance: 

END 

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  1. Dr Purva PiusMay 30, 2016 at 8:01 PM

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