Coutts & Co (Coutts)

Switzerland is holding its first trial into whether a local banker failed to stop a US$700 million (S$997.4 million) transfer into an account controlled by Low Taek Jho, the alleged mastermind behind the 1MDB scandal.

SINGAPORE (Dec 2): The Monetary Authority of Singapore (MAS) has charged Standard Chartered Bank, Singapore Branch (SCB) and Coutts & Co with the respective financial penalties of $5.2 million and $2.4 million, for breaching its anti-money laundering (AML