11 Oct '16, 1am

Singapore orders Falcon Bank shutdown over 1MDB lapses

SINGAPORE: The Monetary Authority of Singapore (MAS) has asked Swiss wealth manager Falcon Private Bank Ltd to cease operations in the city state over lapses related to handling fund flows with scandal-hit Malaysian sovereign fund 1MDB. The move comes after MAS - Singapore’s central bank - in May ordered the shutdown of Swiss private bank BSI and subsequently charged people in connection with the probe and froze assets linked to 1MDB. It also imposed financial penalties on DBS Bank and the Singapore branch of UBS AG for breaches of AML requirements. “Falcon Bank has demonstrated a persistent and severe lack of understanding of MAS’ AML (anti money laundering) requirements and expectations,” MAS said in a statement on Tuesday. “Taking into account the totality of Falcon Bank’s conduct, MAS’ assessment is that the merchant bank will be unable to comply with these requirement...

Full article: http://www.nst.com.my/news/2016/10/179437/singapore-order...

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Singapore directs Falcon Bank to stop operation...

reuters.com 11 Oct '16, 2am

SINGAPORE Singapore directed Swiss wealth manager Falcon Private Bank Ltd to cease operations in the city-state and fined ...

#AWANInews 1MDB: Singapore directs Falcon Bank ...

english.astroawani.com 11 Oct '16, 2am

: The Monetary Authority of Singapore (MAS) has asked Swiss wealth manager Falcon Private Bank Ltd to cease operations in ...

1MDB: Singapore shuts down Swiss Falcon Bank ov...

theguardian.com 11 Oct '16, 2am

Singapore’s central bank has shut down a second Swiss bank under investigation for alleged money laundering activities lin...

1MDB: Singapore shuts down Swiss Falcon Bank ov...

theguardian.com 11 Oct '16, 2am

Singapore’s central bank has shut down a second Swiss bank under investigation for alleged money laundering activities lin...

Singapore orders bank closure and fines over 1M...

bbc.co.uk 11 Oct '16, 3am

The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching ant...

1MDB: Singapore shuts down Swiss Falcon Bank ov...

theguardian.com 11 Oct '16, 2am

Singapore’s central bank has shut down a second Swiss bank under investigation for alleged money laundering activities lin...

1MDB: Singapore shuts down Swiss Falcon Bank ov...

theguardian.com 11 Oct '16, 2am

Singapore’s central bank has shut down a second Swiss bank under investigation for alleged money laundering activities lin...

Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

Singapore shuts Falcon bank unit, fines DBS and...

yahoo.com 11 Oct '16, 1am

By Anshuman Daga and Joshua Franklin SINGAPORE/ZURICH (Reuters) - Singapore's central bank on Tuesday shut down a second S...

Singapore orders bank closure and fines over 1M...

bbc.co.uk 11 Oct '16, 4am

The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching ant...

Singapore shuts Falcon bank unit, fines DBS and...

reuters.com 11 Oct '16, 1am

SINGAPORE Singapore directed Swiss wealth manager Falcon Private Bank Ltd to cease operations in the city-state and fined ...

Singapore directs Falcon Bank to stop operation...

reuters.com 11 Oct '16, 1am

SINGAPORE The Monetary Authority of Singapore (MAS) has asked Swiss wealth manager Falcon Private Bank Ltd to cease operat...

BBC News - Singapore orders bank closure and fi...

bbc.com 11 Oct '16, 3am

The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching ant...

MAS shuts down Falcon Private Bank in Singapore...

straitstimes.com 11 Oct '16, 12am

SINGAPORE - The Monetary Authority of Singapore (MAS) announced on Tuesday (Oct 11) that it is withdrawing the merchant ba...

via @business

bloomberg.com 11 Oct '16, 1am

Singapore’s central bank is shuttering Falcon Private Bank in the city-state on anti-money laundering breaches, the second...

Singapore shuts down Falcon Private Bank, slaps penalties on DBS and UBS after 1MDB probe

Singapore shuts down Falcon Private Bank, slaps...

thestar.com.my 11 Oct '16, 1am

SINGAPORE: The Monetary Authority of Singapore (MAS) announced on Tuesday that it is withdrawing the merchant bank status ...