The S$92 million held at the Swiss lender is the largest known account held by one of the suspects.
Credit Suisse is back in the Singaporean regulator’s focus after a S$700,000 fine in 2017 for its involvement in Malaysia’s 1MDB scandal.
Officials from the regulator are set to interview personnel and review documents within weeks, the people said, asking not to be identified as the information isn’t public. Credit Suisse is among the banks that have relationships with either the accused, or their companies. One of the suspects, Vang Shuiming, held S$92 million at the Swiss lender, the biggest known account so far in the case.
It is not clear which other banks will be subject to MAS inspection, which could look into what red flags were raised internally and when so-called suspicious transaction reports were filed, the people added.
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