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MAS names and shames DBS, StanChart, UBS and Falcon PB

The Monetary Authority of Singapore has outed four more Singapore-based financial institutions for 1MDB-related transgressions, as the watchdog steps up its investigations into illegal fund flows through the city-state. Those named by the watchdog are DBS Bank Ltd, Standard Chartered Bank Singapore Branch, UBS AG Singapore Branch and Falcon Private Bank. DBS Bank Ltd; Standard Chartered Bank, Singapore branch and;…

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