[Research seminar] Petróleos de Venezuela S.A and 1MDB – Two Case Studies to illustrate the state of transnational anti-money-laundering efforts

On 17 December, the Asser Institute is proud to welcome Dr Lys Kulamadayil, SNSF Post-Doctoral Research Fellow at the Amsterdam Center for International Law. During this research seminar, she will be presenting her paper: ‘Petróleos de Venezuela S.A and 1MDB – Two Case Studies to illustrate the state of transnational anti-money-laundering efforts’.

This talk will present recent legal proceedings in Switzerland, Malaysia and USA relating to grand theft from the state-owned companies of Malaysia and Venezuela. The objective is to contextualize the proceedings, highlight their potential, but also flag some shortcomings of current AML efforts in capital-harbouring jurisdictions. More specifically, the presentation will discuss the effectiveness of AML banking regulations’ implementation and oversight. The need for corporate liability and more broadly the place attributed to AML offenders in domestic legal systems. The objective is to show the importance of effective domestic AML regulation, but also to demystify some of the recent attempts to paint national and international AML regulation as instruments of fairness and of the rule of law.

Asser research seminars

During the Asser Research Seminars, external researchers are invited to present their current and upcoming research with the Asser research community. The seminars are semi-open, as we invite a few external people who may be interested in the specific topic of the seminar. However, we aim to keep the group’s size limited, to stimulate interaction and high quality, in-depth discussions. Researchers who are interested in presenting their research to the Asser research community are welcome to send an e-mail to Dr Christophe Paulussen (c.paulussen@asser.nl).