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Singapore’s MAS completes 2-year review of banks in 1MDB deals


KUALA LUMPUR: The Monetary Authority of Singapore (MAS) has completed its two-year review of banks involved in 1MDB-related transactions known to-date. 

The regulator announced on Tuesday that it had imposed financial penalties on Credit Suisse and United Overseas Bank (UOB), as well as issued Prohibition Orders (POs) against three individuals.

Corporate News , Banking

   

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