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1MDB Watch
Former BSI Singapore deputy CEO slapped with conditional warning and 10-year PO for 1MDB role
Various other BSI Singapore bankers had been dealt with earlier
October 10, 2022
1MDB Watch
BSI’s $131 mil penalty 'incomprehensible' as Finma rebuked
(Dec 3): A Swiss court threw out a 95 million Swiss franc ($131.3 million) penalty imposed on BSI Bank over its ties to the 1MDB scandal, calling the financial regulator’s calculation of the fine “incomprehensible.”
December 04, 2019
1MDB Watch
Swiss say 1MDB probe targeting six people, two banks
(July 10): Swiss prosecutors are now investigating six people for alleged involvement in Malaysia’s multi-billion dollar 1MDB scandal, days after former Malaysian Prime Minister Najib Razak was charged with corruption for his role in the affair.
July 10, 2018
1MDB Watch
Singapore says arrest warrant for Jho Low issued two years ago
SINGAPORE (June 8): Singapore authorities said they issued warrants of arrest for Low Taek Jho and Eric Tan Kim Loong back in April and May 2016, following investigations of 1MDB-related fund flows through the financial system here that began in March 201
June 08, 2018
Sector Focus
Swiss find serious shortcomings at JPMorgan in 1MDB case
(Dec 21): Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of US bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.
December 22, 2017
1MDB Watch
MAS issues prohibition orders against Yeo Jiawei, Kevin Scully on 1MDB-related breaches
SINGAPORE (Dec 19): The Monetary Authority of Singapore (MAS) has slapped ex-BSI banker Yeo Jiawei and former NRA Capital CEO Kevin Scully with prohibition orders (POs) on breaches related to the 1Malaysia Development Bhd (1MDB) scandal.
December 19, 2017
1MDB Watch
MAS issues Prohibition Orders against individuals in 1MDB-linked breaches; Yeo Jiawei gets life ban
SINGAPORE (Nov 1): The Monetary Authority of Singapore has served notice of its intention to issue a permanent Prohibition Order (PO) against Yeo Jiawei.
November 01, 2017
1MDB Watch
Yeo Jiawei to assist CAD investigations on 1MDB, disgorge profits from money laundering and cheating charges
SINGAPORE (July 12): Ex-BSI wealth planner Yeo Jiawei has volunteered to assist the Commercial Affairs Department (CAD) in its investigations into 1Malaysia Development Bhd (1MDB).
July 12, 2017
In print this week
Why the 1MDB saga could be far from over for Singapore
SINGAPORE (June 2): This past week, the Monetary Authority of Singapore (MAS) imposed penalties on two more banks and said it had completed an extensive, two-year-long probed into the 1Malaysia Development Bhd (1MDB).
June 02, 2017
Update
UOB, Credit Suisse fined a total of $1.6 mil for 1MDB-linked transactions; former Falcon & BSI employees issued prohibition orders: Update
SINGAPORE (May 30): The Monetary Authority of Singapore (MAS) is imposing a total of $1.6 million in financial penalties on Credit Suisse and United Overseas Bank (UOB), having completed its two-year review of banks involved in the transactions related to
May 30, 2017