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

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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