News in Brief - Caproasia Online
Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





Coutts & Co Ltd Fined for Violating Money Laundering Rules

Switerzland’s financial regulator has fined Coutts & Co Ltd for violating money laundering rules and profiting from transactions associated with 1MDB. The prosecutors in Switzerland are now deciding if the bank should face a criminal investigation.

The Swiss Financial Market Supervisory Authority has demanded the bank to pay back CHF 6.5 million in unlawfully generated profits from the transactions. Finma is also considering proceedings against Coutts employees in charge for the bank’s actions.

News Source: Bloomberg


 

About Coutts & Co

Coutts is a private bank and wealth manager founded in 1692. It is the seventh RBS Coutts Private Bank Thumbnail Logooldest bank in the world.  Throughout the 20th century, Coutts opened more branches and significantly extended its regional footprint. In 1963, Coutts became the first British bank to use a fully computerised accounting system. In 1987, Coutts gained international representation by establishing its operations in Geneva. In October 1990, to strengthen their representation internationally, Coutts and NatWest merged their existing subsidiaries (which included Handelsbank) to create the Coutts Group. The acquisition of the NatWest Group in 2000 established Coutts as the private banking arm of The Royal Bank of Scotland.

  • Origin: London, United Kingdom
  • Employees: 2,000

Official Website: www.coutts.com

News & Media: Press Release

Updated on 8th August 2016



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous articleAbout Coutts & Co
Next articleAbout Nikko Asset Management