Swiss Bank BSI Appeals $100 Million Penalty Over 1MDB Links

  • BSI calls Swiss finance regulator Finma’s finding ‘flawed’
  • Finma said BSI had violated anti-money laundering rules

Private bank BSI, which is being acquired by EFG International AG, is challenging a 95 million Swiss franc ($100 million) penalty issued by Switzerland’s financial regulator over the lender’s ties to 1Malaysia Development Bhd.

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