Falcon Private Bank Singapore Branch Shut Down Over Money Laundering Concerns

Falcon Private Bank Singapore Branch Shut Down Over Money Laundering Concerns

There is more trouble brewing for banks active in Singapore, though. A final assessment of Standard Chartered Bank is expected to be revealed soon. The financial relationship between Switzerland and Singapore has come under even more pressure than before. Singapore central bank officials forced Falcon Private Bank to shut down immediately. This is a direct result of the ongoing money-laundering operations in the country, and Falcon Private Bank is the second Swiss financial institution forced to close its doors. The Monetary Authority of Singapore has ordered the local branch of Falcon....


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Quotes

It [Bitcoin] can only go UP UP UP!

Bruce Wagner, American novelist & actor