Ex-Coutts banker found guilty in US$700 million transfer from 1MDB to Jho Low

A former Coutts & Co. banker was found guilty of failing to flag money laundering concerns related to a US$700 million transfer into an account controlled by Jho Low , the alleged mastermind behind the 1MDB scandal.The man, who was only identified as A., was fined 50,000 Swiss francs (US$55,000) by the Swiss Federal Criminal Court in a ruling on Friday.“There were numerous signs that there were serious indications of money laundering, which grew over time,” the court said in a statement. …