Financial Crime Financial Crime

Falcon Private Bank money laundering trial over 1MDB transactions begins in Switzerland

By Martin Coyle
  • 28 Sep 2021 09:16
  • 28 Sep 2021 09:16
A money laundering trial against Falcon Private Bank and its former CEO linked to the 1MDB scandal has begun in Switzerland, in the country’s first criminal prosecution of a bank on such charges.

The now-defunct lender is accused of handling millions of euros linked to the Malaysian sovereign wealth fund between

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