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Swiss authorities open 1MDB-linked criminal proceedings against Falcon

Pressure continues to mount on Falcon Private Bank with Switzerland’s attorney general announcing that it will open criminal proceedings against the troubled pure-play. Stemming from issues raised earlier by FINMA, the Office of the Attorney General said that it “suspects deficiencies in the internal organisation of the Falcon Private Bank”. The proceedings are similar to those that were opened against BSI Bank on…

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