BSI Bank

1MDB Watch

BSI’s $131 mil penalty 'incomprehensible' as Finma rebuked

(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 “

1MDB Watch

Swiss say 1MDB probe targeting six people, two banks

(July 10): Swiss prosecutors are now investigating six people for alleged involvement in Malaysia’s multi-billion dollar 1MDB scandal, days after former Malaysian Prime Minister Najib Razak was cha

1MDB Watch

Singapore says arrest warrant for Jho Low issued two years ago

SINGAPORE (June 8): Singapore authorities said they issued warrants of arrest for Low Taek Jho and Eric Tan Kim Loong back in April and May 2016, following investigations of 1MDB-related fund flows

Sector Focus

Swiss find serious shortcomings at JPMorgan in 1MDB case

(Dec 21): Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of US bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fun

1MDB Watch

MAS issues prohibition orders against Yeo Jiawei, Kevin Scully on 1MDB-related breaches

SINGAPORE (Dec 19): The Monetary Authority of Singapore (MAS) has slapped ex-BSI banker Yeo Jiawei and former NRA Capital CEO Kevin Scully with prohibition orders (POs) on breaches related to the 1

1MDB Watch

MAS issues Prohibition Orders against individuals in 1MDB-linked breaches; Yeo Jiawei gets life ban

SINGAPORE (Nov 1): The Monetary Authority of Singapore has served notice of its intention to issue a permanent Prohibition Order (PO) against Yeo Jiawei.

1MDB Watch

Yeo Jiawei to assist CAD investigations on 1MDB, disgorge profits from money laundering and cheating charges

SINGAPORE (July 12): Ex-BSI wealth planner Yeo Jiawei has volunteered to assist the Commercial Affairs Department (CAD) in its investigations into 1Malaysia Development Bhd (1MDB).

In print this week

Why the 1MDB saga could be far from over for Singapore

SINGAPORE (June 2): This past week, the Monetary Authority of Singapore (MAS) imposed penalties on two more banks and said it had completed an extensive, two-year-long probed into the 1Malaysia Dev

Update

UOB, Credit Suisse fined a total of $1.6 mil for 1MDB-linked transactions; former Falcon & BSI employees issued prohibition orders: Update

SINGAPORE (May 30): The Monetary Authority of Singapore (MAS) is imposing a total of $1.6 million in financial penalties on Credit Suisse and United Overseas Bank

Swiss watchdog probed 22 money laundering breaches in 2016

SINGAPORE (April 4): Swiss financial watchdog FINMA investigated more than twice as many breaches of anti-money laundering rules in 2016 as it did a year earlier, the supervisory body said on Tuesd

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