FT: Deutsche Bank facilitated wiring of Cyprus funds of Malaysian Jho Low

The funds used to purchase Malaysian Jho Low’s €5m Cyprus villa under the island’s passport investment scheme were wired from the Swiss Falcon Bank to the Bank of Cyprus via Deutsche Bank, the Financial Times reports. The €6m transfer was reportedly facilitated by Deutsche Bank who acted as a correspondent bank, a practice whereby big … Continue reading FT: Deutsche Bank facilitated wiring of Cyprus funds of Malaysian Jho Low