Timeline of events

Yvonne Seah Jens Fred Sturzenegger Tim Leissner Yak Yew Chee
Yak Yew Chee
Yvonne Seah Jens Fred Sturzenegger Tim Leissner Yak Yew Chee
Yvonne Seah
Yvonne Seah Jens Fred Sturzenegger Tim Leissner Yak Yew Chee
Jens Fred Sturzenegger
Yvonne Seah Jens Fred Sturzenegger Tim Leissner Yak Yew Chee
Tim Leissner

April 15, 2016 to Aug 17, 2016: Eleven charges, including those of money laundering, cheating, forgery and obstruction of justice, are filed against former BSI Bank wealth planner Yeo Jiawei.

April 20, 2016: One charge of corruption is filed against Kelvin Ang Wee Keng, a former remisier of Maybank Kim Eng Securities.

May 24, 2016: The Monetary Authority of Singapore (MAS) withdraws BSI's merchant bank licence over breaches of anti-money laundering rules and poor management oversight. BSI is fined $13.3 million by MAS and 95 million Swiss francs (S$135 million) by Swiss financial watchdog Finma.

May 24, 2016: Six individuals from BSI are referred to Singapore's public prosecutor, including former CEO Hans Peter Brunner, former private bankers Yak Yew Chee and Yvonne Seah Yew Foong, as well as former wealth planner Yeo.

Oct 10, 2016: Seven charges are filed against Yak and Seah each.

Oct 11, 2016: MAS withdraws the merchant bank licence of Falcon Private Bank over serious failures in anti-money laundering controls and improper conduct of senior management at its Switzerland head office and Singapore branch. Falcon is fined $4.3 million by MAS and ordered by Finma to give up 2.5 million Swiss francs in illegally generated profits.

Oct 11, 2016: MAS fines DBS Bank $1 million, and UBS $1.3 million.

Nov 11, 2016: Yak is fined $24,000 and sentenced to 18 weeks in jail after pleading guilty to four charges, with three taken into consideration.

Dec 2, 2016: MAS imposes fines of $5.2 million on Standard Chartered (Singapore) and $2.4 million on Coutts & Co (Singapore) over breaches of anti-money laundering requirements.

Dec 16, 2016: Seah is fined $10,000 and sentenced to two weeks in jail after pleading guilty to three charges, with four taken into consideration. Dec 22, 2016: Yeo is found guilty of four counts of witness tampering and sentenced to 30 months in jail. He appeals against the conviction and sentence. Seven other charges involving cheating, money laundering and forgery are still to be dealt with.

Jan 4, 2017: Sixteen charges are filed against former Falcon branch manager Jens Fred Sturzenegger, including that of providing false information to the authorities to cover up his knowledge of the bank's relationship with Malaysian tycoon Jho Low.

Jan 11, 2017: Sturzenegger is fined $128,000 and sentenced to 28 weeks in jail after pleading guilty to six charges, with 10 taken into consideration.

March 13, 2017: MAS bans Mr Tim Leissner, former director of Goldman Sachs (Singapore), from Singapore's securities industry for 10 years for making false statements on the bank's behalf without its knowledge, among other charges.

May 24, 2017: Ang, the former Maybank Kim Eng Securities remisier, pleads guilty to one charge of corruption and is fined $9,000.

May 29, 2017: MAS imposes lifetime bans on Sturzenegger and Yak, and a 15-year ban on Seah, now known as Seah Mei Ying.

May 30, 2017: MAS completes a two-year review of eight banks involved in 1MDB-related transactions. It fines Credit Suisse $700,000, and United Overseas Bank $900,000, for breaches of anti-money laundering rules and control lapses.

May 30, 2017: MAS serves a notice of intention to issue a six-year prohibition order against Ang and former NRA Capital research head Lee Chee Waiy, and a three-year ban on NRA's CEO Kevin Scully. It said Mr Lee applied inappropriate methodology and assumptions in valuing a Saudi oil company, while Mr Scully failed to ensure Mr Lee exercised sufficient care, judgment and objectivity in the valuation.

A version of this article appeared in the print edition of The Straits Times on May 31, 2017, with the headline 'Timeline of events'. Print Edition | Subscribe