Swiss regulator says Rothschild Bank broke anti-moneylaundering rules in 1MDB case

Swiss regulator says Rothschild Bank broke anti-moneylaundering rules in 1MDB case

A man walks past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur, March 1, 2015. REUTERS/Olivia Harris

Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-moneylaundering rules in relation to 1MDB, the Malaysian sovereign wealth fund, Switzerland’s financial regulator said on Friday.

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