11 Oct '16, 3am

BBC News - Singapore orders bank closure and fines over 1MDB links

The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching anti-money laundering controls. The action follows an investigation into money flows linked to the Malaysian state investment fund 1MDB. Falcon Bank will lose its merchant bank status in Singapore. Its branch manager was arrested last week. South East Asia's biggest bank DBS has been fined S$1m (US$726,000; £589,000) while UBS will have to pay S$1.3m. Malaysian PM under pressure over 1MDB scandal 1MDB: The case that's riveting Malaysia The US v The Wolf of Wall Street Malaysians ridicule 'Malaysian Official 1' Singapore seizes $177m as part of Malaysia corruption probe Where does US say the money was spent? MAS said in a statement that Falcon Bank had "demonstrated a persistent and severe lack of understanding" of the body's anti-money laundering requireme...

Full article: http://www.bbc.com/news/business-37615251

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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 closes, fines bank for Malaysian 1MDB Fund links

Singapore closes, fines bank for Malaysian 1MDB...

seattletimes.com 11 Oct '16, 7am

SINGAPORE (AP) — Singaporean and Swiss regulators said Tuesday that investigations showed Falcon Private Bank breached mon...

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...

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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 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...

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 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 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 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 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 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...

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 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 shuts second Swiss bank over 1MDB cor...

ft.com 11 Oct '16, 4am

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