Day: May 30, 2017

In Money Laundering Probe Of Malaysian Development Fund, Singapore Slaps Fines On Credit Suisse And UOB

For breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB), it said in a statement on Tuesday. A 700,000 Singapore dollars ($505,000) fine on Credit Suisse and a 900,000 Singapore… Read More ›