Singapore’s financial regulator has fined Credit Suisse and United Overseas Bank (UOB) for breaches of anti-money laundering (AML) requirements related to the 1MDB scandal – bringing a two-year investigation into the involvement of banks operating in the city-state to a close. The Monetary Authority of Singapore (MAS) fined Credit Suisse S$700,000 and UOB S$900,000, the smallest fines levied throughout its…
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