BSI fined, ordered to shut down in Singapore

May 24, 2016

The city-state’s regulator has also referred the names of six former and current employees of the Swiss bank to the public prosecutor to evaluate whether they have committed criminal offences.

BSI fined, ordered to shut down in Singapore

Switzerland’s BSI Bank has been fined and ordered to close in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of operations and gross misconduct by some of its staff.

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