| Singapore’s central bank was scrutinising several banks, including UBS and DBS Group Holdings, to see if they broke rules against money laundering in handling transactions linked to scandal-hit Malaysian state fund 1MDB, three people with knowledge of the matter said.
The Monetary Authority of Singapore was looking at several aspects of the banks’ operations, sources said. Switzerland’s Falcon Private Bank and Coutts International, which is owned by Geneva-based Union Bancaire Privee, were also under review, they said...............................................Full Article: Source
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