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Singapore regulator confirms 1MDB money-laundering probe, will act if laws breachedMonetary_Authority_of_Singapore_TODAY_online_.JPG

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The Monetary Authority of Singapore (MAS) today pledged tough action against any bank found to have breached money-laundering laws pertaining to accounts linked to  1Malaysia Development Berhad (1MDB), The Business Times (BT) reported today. The financial regulator's warning comes in the wake of action by Singapore police in freezing two bank...

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