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Singapore cbank slaps penalties on StanChart, Coutts in 1MDB-related probe

Reuters India Friday, 2 December 2016
SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund.
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News video: Singapore Fines Banks Over 1MDB

Singapore Fines Banks Over 1MDB 02:10

Dec.01 -- The Monetary Authority of Singapore is slapping financial penalties on the local branches of Standard Chartered and Coutts for anti-money laundering breaches related to Malaysia's state investment company 1MDB. Bloomberg's Haslinda Amin reports on "Bloomberg Markets."

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