Spotlight on KL's next move in 1MDB saga

SINGAPORE's action against its financial institutions - including get-out-of-here notices to two Swiss private banks - relating to the suspicious flows of 1Malaysia Development Berhad (1MDB) monies is only the supporting act. The main story across the Causeway has yet to unfold.

The Monetary Authority of Singapore's forceful decision to shut the operations of BSI Singapore and now Falcon Bank in a span of five months for serious breaches of anti-money laundering rules is widely divergent from its Malaysian counterpart, which only in May declared the 1MDB case shut.

If you toss into the mix Singapore prosecutors' hauling up of four people to court for over 25 offences including money laundering, cheating, corruption and forgery, and freezing of assets worth S$240 million in the ongoing 1MDB probe, it makes Malaysia, where the multi-layered and circuitous flow of funds all began, look even worse.