SINGAPORE (Dec 2): The Monetary Authority of Singapore (MAS) has charged Standard Chartered Bank, Singapore Branch (SCB) and Coutts & Co with the respective financial penalties of $5.2 million and $2.4 million, for breaching its anti-money laundering (AML) requirements in relation to 1Malaysia Development Berhad (1MDB) linked fund flows.  

(See also: BSI who? 5 things you MUST know about BSI Bank shutdown)

(See also: Goldman’s Leissner said to get money from ex-1MDB employee)

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