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Home News 2016, 2017, 2020 and 2025 the life cycle of a prosecuting a bank and its CEO for money laundering (more 1MBD scalps!!)
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2016, 2017, 2020 and 2025 the life cycle of a prosecuting a bank and its CEO for money laundering (more 1MBD scalps!!)

08/04/2025

The investigation into 1MBD money laundering through Edmond de Rothschild Europe

  • Began in 2016 and the first regulatory and legal case started back in 2017 and
  • In April 2025 the latest news is that Edmond de Rothschild Europe has decided to settle criminal charges related to the 1MDB scandal for €25 million.

April 2025

  • Edmond de Rothschild Europe has decided to settle criminal charges related to the 1MDB scandal for €25 million.
  • This settlement marks a significant moment in the ongoing legal battle surrounding the scandal.
  • The embezzled monies transited through Luxembourg between 2012 and 2013 via an account linked to an offshore company, opened with the private bank Edmond de Rothschild Europe,  
  • This criminal settlement is a form of acknowledgment by Edmond de Rothschild Europe of its involvement in illicit activities, including money laundering and concealment.
  • The decision to settle for €25 million reflects the seriousness of the allegations and the commitment to resolving the legal issues surrounding the scandal.
  • A spokesperson for the Luxembourg prosecutor’s office confirmed the agreement to the Luxembourg Times, stating:
    • “The matter was taken under advisement, and a judgment will be rendered on 22 May 2025.”
    • The case is now in the hands of the 7th Criminal Chamber of Luxembourg’s District Court, which will issue its decision on that date.

2016

  • The investigation, began in 2016 and the regulatory and legal case started back in 2017

2017

  • The 2025 criminal decision, follows 2017 where it was fined €9 million

The CSSF also concluded that he had failed to ensure that Edmond de Rothschild Europe "complies with its professional obligations in relation to the fight against money laundering and terrorist financing".

MARC AMBROISIEN

IN MARCH 2020,

  • Marc Ambroisien, the former head of Edmond de Rothschild Europe, faced significant repercussions due to his involvement in the 1MDB scandal.
  • The Commission de Surveillance du Secteur Financier (CSSF) banned him from working in the financial sector for 10 years  

  • This decision was based on serious shortcomings in his professional conduct, including failures in internal governance and risk management, as well as lapses in anti-money laundering measures.

IN JANUARY 2022,

  • Ambroisien was formally indicted by the Luxembourg judiciary for his role in the 1MDB scandal
  • Despite denying the allegations, he was charged with breaches of anti-money laundering laws related to the misappropriation of funds from the Malaysian sovereign fund
  • The investigation, which began in 2016, was due to be completed in autumn 2019, but has taken six years to be completed due to a long overdue judicial police report.

REFERENCES

MONEY LAUNDERING YOUTUBE-IMAGE

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.