HALISTER1: BHF-Bank Says Payments in Compliance After 1MDB Report

BHF-Bank Says Payments in Compliance After 1MDB Report

(Bloomberg) -- BHF-Bank says in e-mailed statement its payments didn’t violate anti-money laundering rules following Handelsblatt report it was involved in transactions related to 1MDB.
  • In general, no evidence “bank violated any anti-money- laundering measures”
  • Payments as of 2012 were “filtered by our anti-money- laundering monitoring system and adjudged to be in compliance”
  • Judgment remains valid as of today, “payments are accountable, do not compromise anti-money-laundering measures and are not obviously linked to the Malaysian Sovereign Wealth Fund”
  • NOTE: Handelsblatt reported earlier U.S. Justice Dept in documents cited bank along with Deutsche Bank in its investigation but made no accusations
  • NOTE: July 20, U.S. Maps 1MDB Fraud Trail From Kuala Lumpur to Hollywood
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0206021D MK (1Malaysia Development Bhd)
944155Q GR (BHF-Bank AG)
DBK GR (Deutsche Bank AG)

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