11 Oct '16, 2am

Singapore directs Falcon Bank to stop operations in Singapore: SINGAPORE (Reuters) - The Monetary Authority o...

SINGAPORE Singapore directed Swiss wealth manager Falcon Private Bank Ltd to cease operations in the city-state and fined top local lender DBS Bank and UBS AG over lapses in its biggest crackdown on entities dealing with Malaysian sovereign fund 1MDB. The moves come after the Monetary Authority of Singapore (MAS) announced the shutdown of Swiss private bank BSI's local unit in May. It subsequently charged people in connection with the probe and froze assets linked to 1MDB. BSI was the first bank to be ordered shut in Singapore since 1984. "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 requirements and expec...

Full article: http://www.reuters.com/article/us-malaysia-scandal-falcon...

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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...

#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 ...

Singapore shutters Swiss private bank and fines...

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 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 shutters Swiss private bank, fines DBS, UBS over 1MDB business

Singapore shutters Swiss private bank, fines DB...

cnbc.com 11 Oct '16, 1am

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

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...

Singapore shutters Swiss private bank, fines DB...

cnbc.com 11 Oct '16, 2am

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

#Regulation #AML

mas.gov.sg 11 Oct '16, 12am

The merchant bank’s Head Office failed to guard against conflicts of interest when managing the account of a customer who ...

Singapore orders Falcon Bank shutdown over 1MDB...

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

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

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 ...

Singapore Shuts Down Bank, Fines DBS and UBS in...

nytimes.com 11 Oct '16, 3am

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

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...

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...