Swiss Regulator Probes Panama Alongside 1MDB, Petrobras
- Finma investigating `suspicious' Panama Papers connections
- Brazil, Malaysia cases involve `billions,' Branson says
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Switzerland’s financial regulator will investigate “suspicious” bank connections that have surfaced in leaked Panama documents and is stepping up probes into a troubled Malaysian development fund and Petroleo Brasileiro SA.
“The leaked database from Panama is just the latest proof of how money flows like water through multiple jurisdictions, sometimes for legitimate purposes, sometimes not,” Finma director Mark Branson said at a news conference in Bern on Thursday.