BSI 's appeal against FINMA 's decision to implement sanctions against the bank for its relationship with the 1MDB fund has no bearing on regulatory action in Singapore . As a result , the Securities Authority of Singapore will continue to pursue sanctions for the protection of BSI 's operations within the city - state while also imposing a fine against the bank .
BSI's appeal against FINMA's decision to implement sanctions against the bank following its relationship with the 1MDB fund has no bearing on regulatory action in Singapore. As a result, the Monetary Authority of Singapore will continue to pursue measures for the closure of BSI's operations within the city-state while also imposing a fine against the bank.