February 11, 2019
Norway’s US$1 trillion (RM4.07 trillion) wealth fund is cracking down on corruption risks and suggested that money laundering is one of the dangers it monitors in its portfolio.
The fund sold out of 30 companies last year as part of its risk-based divestment regime, on top of the 13 it publicly excluded based on ethical criteria.
The divestments are undisclosed and done on a precautionary basis to guard against unwanted events because there’s not enough information available.