FINMA cuts BSI Bank's 1MDB penalty to 70 million Swiss francs

KUALA LUMPUR (Oct 23): The Swiss Financial Market Supervisory Authority (FINMA) has reduced the amount of money to be confiscated from BSI Bank to 70 million Swiss francs, from the original 95 million francs after reassessing the disgorgement of profit in the 1Malaysia Development Bhd (1MDB) enforcement case against the bank.