Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, aml, Asia-Pacific, Financial Crime, Financial Services, Fraud, News

NEWS: Top assets linked to Vietnam property firm accused of multibillion-dollar fraud

A logo of Saigon Joint Stock Commercial Bank (SCB) is seen in front of an under-construction building in Ho Chi Minh City, Vietnam, November 30, 2023. REUTERS/Francesco Guarascio/File Photo

By Khanh Vu The mastermind of Vietnam’s largest-ever financial fraud, Van Thinh Phat Holdings Group Chairwoman Truong My Lan, was sentenced to death on Thursday after a month-long trial. Lan and dozens of other defendants were found guilty of involvement in a real estate scam that siphoned off more than $12 billion from large private lender…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!