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BSI Singapore “operating normally”, according to statement

Even as Singaporean and Swiss authorities close in for the kill,  BSI has moved to reassure the public that its private banking business in Singapore is “operating normally”. On Tuesday, the Monetary Authority of Singapore (MAS) announced that it will shut down BSI Singapore on the basis of “control lapses and gross misconduct”  connection to the 1MDB scandal. However, the bank, likely attempting to…

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