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Rothschild Fined in 1MDB Case

The local arm of Edmond de Rothschild has been fined by Luxembourg regulators for the handling of funds linked to Malaysian investment fund 1MDB. Authorities have confirmed that Edmond de Rothschild has been fined nearly 9 million euros for failing to take proper safeguards against money laundering.

“Authorities have confirmed that Edmond de Rothschild has been fined nearly 9 million euros.”

Rothschild is the latest Swiss bank to be swept up in the 1MDB case, which has triggered money-laundering investigations in at least six countries including Switzerland, Singapore and the United States.

News Source: Reuters 

 

About Edmond de Rothschild 

Rothschild Bank

The Edmond de Rothschild Group is an international, family-owned and independent financial group, specialised in private banking, asset management, private equity, corporate finance and funds administration. It now operate across many countries and in the past 60 years have become a leader in Private Banking and Asset Management. The Group is growing and will continue to grow while preserving the values of our family, which has always staked its name on the service we provide to each of our clients.

  • Origin: Geneva, Switzerland
  • Assets: CHF 163 billion
  • Employees: 2,800

Official Website: www.edmond-de-rothschild.com

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News & Media: Press Release

Updated on 8th August 2016



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