BASEL, Switzerland (April 7,2016) - A number of Swiss
banks are involved in both the corruption scandal surrounding Brazil's
Petrobras and the suspicious cash flows linked to the Malaysian sovereign fund
1MDB, according to Bruno Manser Fund (BMF) today.
"FINMA has carried out investigations into more than
20 banks in connection with these cases, and has opened seven enforcement
proceedings against institutions", Mark Branson, chief executive officer
of FINMA, the Swiss bank regulator, said on Thursday at FINMA's annual media
conference.
