Falcon Private Bank

(Dec 5): An obscure Swiss bank implicated in Malaysia’s 1MDB corruption scandal was involved in another trade with Goldman Sachs Group Inc in 2016 that exposed the Wall Street firm to unexpected losses.

(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.

SINGAPORE (June 29): Singapore’s economy is expected to continue growing at 1-3% for the remainder of the year.

SINGAPORE (Jan 11): Jens Fred Sturzenegger, the former branch manager of Falcon Private Bank in Singapore, was sentenced to 28 weeks’ jail and fined $128,000 for offences related to the illegal movement of money involving 1Malaysia Development Berhad (1

SINGAPORE (Jan 11): Jens Fred Sturzenegger, former branch manager of Falcon Private Bank’s Singapore office, has been sentenced to 28 weeks’ jail and fined $128,000 for offences related to the on-going probe into 1 Malaysia Development Berhad (1MDB).

SINGAPORE (Jan 5): Jens Fred Sturzenegger, who was the Singapore branch manager of Falcon Private Bank, was charged in court on Thursday morning.

SINGAPORE (Dec 21): Former BSI bank wealth planner Yeo Jiawei has been found guilty of hindering investigations into 1MDB-related fund flows by tampering with witnesses.

(Oct 16): Roughly 15 Swiss banks are in a "red zone" of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday.

Singapore and Switzerland took further action this past week against banks and bankers in their respective jurisdictions found to have abetted individuals linked to 1Malaysia Development Bhd, the scandal-plagued sovereign wealth fund that has become a byw

ZURICH (Oct 12): Swiss federal prosecutors have opened criminal proceedings against Zurich-based Falcon Private Bank for allegedly failing to prevent suspected money laundering linked to 1MDB, the scandal-hit Malaysian state fund, prosecutors said on Wedn