Singapore fines two foreign banks for 1MDB-related breaches
Investigations continuing into Goldman Sachs’ role, regulator says
Singapore's central bank has fined two more foreign-owned commercial banks for regulatory breaches linked to the Malaysian government-owned investment fund 1MDB. It also sought to ban a former senior executive with New York-based bank Goldman Sachs from working in Singapore's finance industry, noting that further investigations of the bank's role were continuing.
The Monetary Authority of Singapore (MAS) said it was "nearing completion" of its investigations of "1MDB-related fund flows" through
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