Credit Suisse Regrets Lapse in Standards After 1MDB-Related Fine
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
CSGN VX (Credit Suisse Group AG)
0206021D MK (1Malaysia Development Bhd)
MASP SP (Monetary Authority of Singapore)
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UUID: 7947283
(Bloomberg) -- Monetary Authority of Singapore review findings show there are no pervasive anti-money laundering control weaknesses, Credit Suisse says in emailed statement Tuesday.
- Credit Suisse acknowledges outcome of the review and regrets that it has fallen short of the MAS’ and its own standards
- Credit Suisse will donate all profits from the transactions in question to a worthy cause in support of local community
- The bank has co-operated fully with the MAS and taken further measures to address the issues identified in its review
- NOTE: Singapore Penalizes Credit Suisse, UOB After 1MDB- Linked Probe Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
CSGN VX (Credit Suisse Group AG)
0206021D MK (1Malaysia Development Bhd)
MASP SP (Monetary Authority of Singapore)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283