Harry Elias Partnership LLP Partner S Suressh was featured in a Straits Times article titled “New digital platform allowing banks to exchange information on suspicious customers launched”.
Commenting on how Cosmic, which stands for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, could have helped detect the $3 billion money laundering case, Suressh shared that if Cosmic had existed earlier, financial institutions may have reviewed their own dealings with the accused and made suspicious transaction reports or police reports, which may have speeded up the investigations.
Read in full here.
