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EFG International completes takeover of scandal-hit BSI bank

( November 1, 2016, 17:29 GMT | Official Statement) -- MLex Summary: Banking group EFG International announced today that it has completed its acquisition of BSI Bank from BTG Pactual, after receiving all the necessary regulatory approvals. The bank is under scrutiny from a number of regulators for its role in a money-laundering scandal involving 1Malaysia Development Berhad. BTG Pactual has agreed to compensate EFG International for any liabilities or damages related to "specific legal cases."The document is attached below. ...

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