1MDB trial: BSI Bank never lodged suspicious report despite obvious red flags, says witness

KUALA LUMPUR: A former Singaporean banker told the High Court here that there were obvious red flags in relation to 1Malaysia Development Berhad (1MDB) transactions in BSI Bank, but the bank has never filed any suspicious transaction report (STR) to the Monetary Authority of Singapore (MAS).

Kevin Micheal Swampillai, 59, who worked with BSI Bank Singapore from 2010 to 2016 said any bank has a duty and is legally bound to file the STR with law enforcement once any red flag is spotted to alarm the authorities.