Financial Crime Financial Crime

Falcon becomes first Swiss lender to be convicted of money laundering in 1MDB-linked case

By Martin Coyle
  • 15 Dec 2021 09:51
  • 15 Dec 2021 09:51
Falcon Private Bank was today found guilty on money laundering charges and fined 3.5 million francs ($3.7 million) by Swiss prosecutors in a case linked to the 1MDB scandal.

The financial institution is the first bank to be convicted of money laundering in Switzerland. Its former chief executive was found not guilty of

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