11 Oct '16, 3am

Singapore Shuts Down Bank, Fines DBS and UBS in 1MDB investigation

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 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 expectati...

Full article: http://www.nytimes.com/reuters/2016/10/10/business/10reut...

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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...

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 ...

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 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...

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 central bank fines three banks in 1MD...

wsj.com 11 Oct '16, 4am

SINGAPORE—Singapore’s central bank on Tuesday said it would withdraw the license of a Swiss private bank operating in the ...

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 shuts down second bank linked to 1MDB

rappler.com 11 Oct '16, 5am

Agence France-Presse @afp Published 11:45 AM, October 11, 2016 Updated 11:45 AM, October 11, 2016 The logo of the Monetary...

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...

Singapore shuts second Swiss bank over 1MDB

ft.com 11 Oct '16, 4am

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