Money Laundering Bulletin
FINMA orders Coutts to pay CHF6.5m over 1MDB fund AML breaches
By Keith Nuthall
The Swiss Financial Market Supervisory Authority (FINMA) has ordered London-based bank Coutts & Co Ltd to disgorge unlawfully
generated profits of Swiss francs CHF6.5 million (US$6.5 million) for breaching money laundering regulations over its dealings
with Malaysian sovereign wealth fund 1MDB.