Falcon Private Bank faces Swiss criminal probe in 1MDB case
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Zurich
SWISS federal prosecutors have opened criminal proceedings against Zurich-based Falcon Private Bank for allegedly failing to prevent suspected money laundering linked to 1MDB, the scandal-hit Malaysian state fund, prosecutors said on Wednesday.
Falcon becomes the second Swiss bank after BSI to face a criminal investigation by Switzerland's Office of the Attorney General (OAG) over links to 1Malaysia Development Berhad (1MDB).
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
