Rothschild Bank Broke Money-Laundering Rules in 1MDB Case
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Rothschild Bank AG and one of its subsidiaries were found to have seriously breached money-laundering rules in the multi-billion-dollar 1MDB Malaysian corruption case, which has ensnared lenders around the world.
Swiss financial regulator Finma said Friday it will appoint an outside auditor to review controls put in place by the bank and its Rothschild Trust (Schweiz) AG unit. The decision wraps up the last of seven investigations by the authority relating to Swiss banks and the Malaysian state investment company.