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SINGAPORE (Oct 10): Singapore authorities have taken action against BSI Bank Ltd Singapore branch's (BSIS) former deputy chief executive officer for his contribution to the bank's failure to file suspicious transaction reports (STRs) regarding 1Malaysia Development Bhd (1MDB)-related transactions. Raj Sriram, who is also the former head of private banking of BSIS, has been issued a 24-month conditional warning from the Singapore Police Force's Commercial Affairs Department (CAD) and a 10-year prohibition order (PO) by the Monetary Authority of Singapore (MAS).

Singapore authorities have taken action against the former deputy Chief Executive Officer (CEO) of BSI Bank Ltd, Singapore Branch (BSIS) for his contribution to the bank’s failure to file suspicious transaction reports (STRs) regarding 1Malaysia Development Bhd (1MDB)-related transactions

Singapore, Oct 11: An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning for his failure to report a suspicious transaction involving the jailed Malaysian Prime Minister Najib Razak’s infamous company 1Malaysia Development Berhad (1MDB). Raj Sriram, the former deputy CEO and head of private banking of BSI Bank Limited’s Singapore branch (BSIS), was issued the prohibition and warned on Monday to report the suspicious transaction, the Monetary Authority of Singapore (MAS) and the Singapore […]

An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning by Singapore's top banking regulator for his role in the 1Malaysia Development Berhad (1MDB) scandal, involving former Malaysian Prime ...

An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning by Singapore's top banking regulator for his role in the 1Malaysia Development Berhad (1MDB) scandal, involving former Malaysian Prime Minister Najib Razak.