The operations of major international banks including Deutsche Bank in Singapore were linked to the money laundering scandal involving the now defunct Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), according to a recent US court document. From 2009 to 2015, more than US$4.5 billion (S$6.1 billion) was misappropriated from 1MDB by high-level officials of … Continue reading Deutsche Bank, Singapore in spotlight over 1MDB