1MDB

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

SINGAPORE (Oct 5): The Office of the Attorney General of Switzerland has requested for mutual legal assistance from Malaysia after it identified that US$800 million ($1.1 billion) worth of funds were misappropriated from the SRC sovereign fund’s investm

SINGAPORE (Sept 6): Singapore will make more robust risk assessments of financial institutions as it steps up investigations against misconduct in the industry, the head of the central bank said.

SINGAPORE (Aug 25): Kelvin Ang Wee Keng, the second person charged in connection with Singapore’s on-going investigation of 1MDB will have his next pre-trial conference on 22 Sept 2016. His trial date has not been fixed yet, according to the Attorney Ge

SINGAPORE (Aug 1): Singapore's central bank on Monday formally launched a unit to fight money laundering, strengthening the financial hub's safeguards against illicit fund flows.

SINGAPORE (July 22): Licensed money changer and remittance agent Raffles Money Change (RMC) has issued a statement in response to queries from members of the media, in light of the Monetary Authority of Singapore’s (MAS) press release dated July 21. 

(July 21): Swiss authorities acting on a US request have seized three valuable paintings linked to an investigation into scandal-hit Malaysian state fund 1MDB, they said on Thursday.

SINGAPORE (July 21): Singapore authorities say they have seized a total of $240 mil of bank accounts and dealings in properties belonging to individuals linked to 1Malaysia Development Berhad (1MDB) probe, with about $120 million belonging to businessman

WASHINGTON (July 21): US prosecutors sued on Wednesday to seize more than US$1 billion ($1.4 billion) in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1MDB, which was overseen by Prime Minister