(Dec 3): A Swiss court threw out a 95 million Swiss franc ($131.3 million) penalty imposed on BSI Bank over its ties to the 1MDB scandal, calling the financial regulator’s calculation of the fine “incomprehensible.”

See: BSI in serious breach of money laundering regulations: FINMA

While BSI was responsible for “severe violations of supervisory provisions,” Finma’s methodology was flawed, the Swiss Federal Administrative Court said late Tuesday in a statement. The court referred the matter back to the regulator to reconsider the penalty.

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