


Falcon has previously said it is cooperating with Singapore's investigators.
- "As a matter of policy, MAS does not comment on its supervisory dealings with specific financial institutions," a Monetary Authority of Singapore spokeswoman said in a statement.
- Swiss financial watchdog FINMA also declined to comment on the case.
- The Finanz und Wirtschaft report did not say if any other banks were being blocked from doing new business in Singapore.
- A spokesman said FINMA was working in close collaboration with MAS and other supervisory authorities on 1MDB probes and had opened enforcement proceedings against five banks, one of which was against Swiss bank BSI.
- Singapore in May ordered BSI's operations in the city-state to be closed, while Switzerland began criminal proceedings against the private bank in the biggest international crackdown on financial entities dealing with 1MDB.


Source: Reuters, CNBC , Dubai Chronicle