Powered by
-Swiss regulator fines Coutts
Feb 3, 2017 - Global Banking News

Global Banking News - 03 February 2017

The Swiss financial regulator has fined Coutts & Co for violating money-laundering rules, according to Bloomberg.

The firm was fined for illegally profiting from transactions related to 1Malaysia Development Bhd (1MDB). Prosecutors are to review a decision on whether the bank should face a criminal investigation in the case.

In a statement, Finma, the regulator, said that Coutts & Co, which is owned by Royal Bank of Scotland Group (LSE: RB

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox
Related News Feeds

Mentioned Entities

See how you can reach these people and organizations