They contain previous key minister Dr Mahathir Mohamad’s son Mirzan, Federal Territories and Urban Well-being Minister Raja Nong Chik Zainal Abidin and Michael Chia, the alleged ‘bagman’ for Sabah Chief Minister Musa Aman. CTF International attained notoriety when it was named by whistleblower website Sarawak Report of currently being a conduit in channelling hundreds of thousands of ringgit to a Hong Kong account allegedly linked to Musa. According hop over to this web-site Malaysiakini , Najib Abdul Razak’s son Nazifuddin Najib caught flak immediately after he was exposed by the International Consortium of Investigative Journalists (ICIJ) as acquiring an offshore account in the British Virgin Islands. GFI advisable that governments set up public registries of verified useful ownership data on all authorized entities and claimed all banks should know the genuine valuable homeowners of any account. According to the GFI report, illicit economical inflows into Malaysia were approximated at between eight and 13 for each cent of the US$3.6 trillion full trade from 2005 to 2014, which translated to in between about US$287 billion and US$466 billion. "In 2014, outflows are approximated to have ranged amongst $620 billion and $970 billion, when inflows ranged in between $1.4 trillion and $2.5 trillion," said the GFI report. In 2014, the final yr which detailed data was readily available, illicit economical outflows from Malaysia had been believed at amongst 6 and 10 per cent of total trade of about US$443.2 billion, or amongst about US$26.6 billion and US$44.3 billion.