BSI has taken a jab at Swiss regulator, FINMA, labelling the watchdog’s procedures “flawed in many respects” and appealing its CHF95 million (US$96.3 million) fine for breaches relating to embroiled Malaysian sovereign wealth fund, 1MDB. In a media release, the Lugano-headquartered bank said that FINMA’s decision to fine BSI was “disproportionate and incorrect”. BSI is grounding its appeal on the basis that it has been in continuous…
To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
Subscriber Only Content
This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.
Need help? Please see our FAQ Guide or email [email protected]