Singapore seizes $177m as part of Malaysia corruption probe

1MDB is at the centre of a global Corruption investigation. The local units of Standard Chartered and UBS, Southeast Asia's biggest lender DBS and Falcon Bank were all found to have "lapses and weaknesses in anti-Money Laundering controls".
Thursday, 21 July, 2016
http://www.bbc.co.uk/news/business-36852614
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Corruption Problem: 
Fraud
Money Laundering
Corruption
Sector: 
Banking and Finance
Executive/Government
Countries: 
Malaysia
Singapore