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 betwee

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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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