Bloomberg

(Bloomberg) -- Switzerland’s attorney-general opens criminal proceedings against Falcon Private Bank based on investigations in the 1MDB case and on Finma’s enforcement action against the bank. * Swiss A-G’s office says in emailed statement today that Falcon is “suspected of not taking all the reasonable organisational measures that are required to prevent natural persons from committing offences, in particular money laundering or corruption offences.” * Note y’day: Switzerland, Singapore Target UBS, Falcon Bank in 1MDB Crackdown

To contact the reporter on this story: Hugo Miller in Geneva at hugomiller@bloomberg.net.

To contact the editors responsible for this story: Alan Katz at akatz5@bloomberg.net, Dylan Griffiths

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