FINMA - Swiss Financial Market Supervisory Authority

One of the banks embroiled in the Malaysia-centred scandal, and kicked out of Singapore as a result, had been forced to disgorge SFr95 million by the Swiss national regulator. That sum has been reduced. Swiss regulator FINMA has cut the amount of money it is confiscating from the 1MDB. Instead of paying SFr95 million ($104.7 million), as originally ordered, BSI - a business now acquired by Zurich-listed EFG International – will pay SFr70 million instead,


Published on Oct. 22th, 2020 Published on Oct. 22th, 2020
Scenario: Conduct / Antibribery and corruption

To read more operational risk news, register for free on MSTAR Platform.

Register for free