The Local Switzerland

Swiss bank fined by Singapore for breaching money-laundering laws

Tue, 30 May 2017 09:40:47 +0200

Singapore said on Tuesday it had fined Credit Suisse and a local lender for breaches of the city-state's anti-money laundering laws relating to a corruption scandal at Malaysian state fund 1MDB.

Singapore boots out scandal-hit Swiss bank

Tue, 24 May 2016 10:21:42 +0200

Singapore's central bank on Tuesday said it was kicking out Swiss bank BSI, which has been linked to a global money-laundering scandal at Malaysia's state fund 1MDB that has embroiled Prime Minister Najib Razak.

Singapore frees assets of sued Swiss art dealer

Tue, 25 Aug 2015 10:34:18 +0200

Singapore's highest court has unfrozen the assets worth millions of dollars of a Swiss businessman and art dealer sued by a Russian billionaire for fraud.

Former UBS exec jailed over underage prostitute

Wed, 08 May 2013 12:37:00 +0200

A former UBS executive director was sentenced on Wednesday to more than four months in jail for having sex with an underaged Singaporean prostitute in a sleaze scandal that sparked uproar in the city-state.

Ex-banker convicted on sex charge in Singapore

Tue, 30 Apr 2013 16:22:00 +0200

A Swiss former banker was found guilty on Tuesday of having sex with an underage Singaporean prostitute.

Swiss bank exec 'tricked' by Singapore prostitute

Tue, 19 Mar 2013 11:50:00 +0100

A former UBS executive facing a possible jail term for having sex with an underage Singaporean prostitute said at the start of his trial Tuesday that he was tricked into thinking she was an adult.

Swiss central bank to open Singapore branch

Tue, 18 Dec 2012 12:58:25 +0100

The Swiss National Bank plans to open its first branch abroad, in Singapore, to better manage its growing foreign exchange reserves and assets in the Asia-Pacific region.

Swiss freed in Singapore callgirl scandal

Fri, 20 Apr 2012 12:57:00 +0200

A Swiss expatriate accused of having paid sex with a woman under the age of 18 was freed on bail on Friday and plans to plead not guilty, his lawyer said.

Swiss man charged in Singapore sex scandal

Wed, 18 Apr 2012 17:08:00 +0200

A scandal over an underage Singaporean prostitute widened on Wednesday after a Swiss man and a prominent Singaporean business figure were accused of being among her clients.