You are here

1MDB breaches: Coutts ordered to pay by Swiss watchdog

Zurich

PRIVATE bank Coutts & Co Ltd was ordered to pay 6.5 million Swiss francs (S$9.3 million) by Swiss watchdog Finma on Thursday for breaching money laundering regulations in its relationships with scandal-tainted Malaysian sovereign wealth fund 1MDB.

"The bank failed to

sentifi.com

Market voices on:

Powered by GET.comGetCom