11 Oct '16, 2am

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

The Monetary Authority of Singapore (MAS) has ordered Swiss wealth manager Falcon Private Bank to cease operations in the city-state over lapses related to its handling of funds tied to scandal-hit Malaysian sovereign fund 1MDB. The move comes after MAS - Singapore's central bank - in May ordered the shutdown of another Swiss private bank, BSI, and subsequently charged people in connection with the probe and froze assets linked to 1MDB. 1MDB, once a pet project of Malaysian Prime Minister Najib Razak, who chaired its advisory board, is the subject of money-laundering investigations in at least six countries, including Switzerland, Singapore and the U.S., after billions of dollars allegedly were funneled from the fund to the private bank accounts of individuals connected with Najib. Najib has denied any wrongdoing and said Malaysia would cooperate with the international inv...

Full article: http://www.cnbc.com/2016/10/10/singapores-mas-tells-falco...

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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 ...

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...

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 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...

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 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 fines two big banks and shuts down an...

fortune.com 11 Oct '16, 7am

Singapore Fines Two Big Banks and Shuts Down Another Over 1MDB Scandal Singapore’s central bank on Tuesday shut down a sec...

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 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 ...

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...

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...

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...

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...