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World's top private bank dragged into 1MDB probe

Sources say UBS is only one of several financial institutions whose client bank accounts have been scrutinised by MAS
Friday, July 15, 2016 - 05:50

38973567.1 (39053232) - 12_07_2016 - UBSGROUP-TAXAVOIDANCE_FRANCE.jpg
UBS Group, the world's largest private bank, has been drawn into Malaysia's 1Malaysia Development Bhd (1MDB) scandal and Singapore's ongoing money-laundering probe into the case.

Singapore

UBS Group, the world's largest private bank, has been drawn into Malaysia's 1Malaysia Development Bhd (1MDB) scandal and Singapore's ongoing money-laundering probe into the case.

According to sources, UBS Singapore (the first Swiss bank to set up shop here) is one of

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