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Falcon Private Bank money laundering trial over 1MDB transactions begins in Switzerland

By Martin Coyle ( September 28, 2021, 13:46 GMT | Insight) -- A money laundering trial against Falcon Private Bank and its former CEO linked to the 1MDB scandal has begun in Switzerland, in the country’s first criminal prosecution of a bank on such charges. The now-defunct lender and Eduardo Leemann are accused of handling millions of euros linked to the Malaysian sovereign wealth fund between 2012 and 2016.A money laundering trial against Falcon Private Bank and its former CEO linked to the 1MDB scandal has begun in Switzerland, in the country’s first criminal prosecution of a bank on such charges....

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