SINGAPORE - Singapore's central bank on Tuesday shut down a second Swiss bank under investigation for alleged money laundering activities linked to Malaysian state fund 1MDB.
Singapore's central bank shuts down Swiss Falcon Private Bank's operations in the city-state because of 'serious lapses in anti money laundering controls'
The Monetary Authority of Singapore (MAS) said it had ordered Falcon Bank to cease its operations in the city-state because of serious lapses in anti money laundering controls.