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Tag Archives: : Swiss financial body FINMA

Swiss financial body FINMA discontinues 1MDB investigation into UBS

ZURICH: Swiss financial body FINMA said on Tuesday it had discontinued its investigation into UBS Group AG in connection with Malaysia’s scandal-tainted 1MDB fund. “FINMA recently discontinued its investigation into UBS. FINMA found no systematic, serious misconduct, but sent the bank a written reprimand,” FINMA said in a statement following its annual media conference. In October, UBS was fined S$1.3 ...

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