Court rejects Swiss banker's appeal to reverse ban over 1MDB dealings


ZURICH (Reuters) - A Swiss appeals court has rejected a banker's bid to lift his three-year regulatory ban from working in the industry over failures to properly fight money-laundering linked to scandal-hit Malaysian sovereign wealth fund 1MDB.

In a ruling released on Monday, the Federal Administrative Court turned down the appeal by the former senior executive at Swiss bank BSI, who had argued that Swiss watchdog FINMA's ban was based on factual errors.

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