(May 26): A decade after billions of dollars were wired to Swiss banks, the country is holding its first trial into whether a local banker failed to stop a US$700 million (S$997.4 million) transfer into an account controlled by Low Taek Jho, the alleged mastermind behind the 1MDB scandal.

Read more 1MDB stories here.

The compliance officer, who can only be identified as A., was an employee of Coutts & Co, where Low, the fugitive financier commonly known as Jho Low, had an account. A., 52, was the designated money laundering reporting officer for Coutts, according to the indictment.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook