May 30, 2017 BY Valentina Kirilova
Monetary Authority of Singapore imposed financial penalties on Credit Suisse and UOB for 1MDB-related transactions
The Monetary Authority of Singapore (MAS) announced that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB), as well as issued Prohibition Orders (POs) against three individuals and served notice of its…
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