April 4, 2017 / 8:11 AM / 5 months ago

Swiss watchdog probed 22 money laundering breaches in 2016

The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016.Ruben Sprich/Files

BERN (Reuters) - Swiss financial watchdog FINMA investigated more than twice as many breaches of anti-money laundering rules in 2016 as it did a year earlier, the supervisory body said on Tuesday.

The number of investigations rose to 22 from 9 in 2015 "particularly in connection with international corruption offences", the Bern-based organisation said in a statement.

In 2016, Swiss banks were central players in the scandal surrounding Malaysian sovereign wealth fund 1MDB, one of the world's biggest ongoing white-collar crime cases.

BSI Bank and Falcon Private Bank were sanctioned by FINMA for their dealings with 1MDB.

Reporting by Joshua Franklin; Editing by Michael Shields

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