ZURICH, April 4 Swiss financial body FINMA said
on Tuesday it had discontinued its investigation into UBS Group
AG in connection with Malaysia's scandal-tainted 1MDB
"FINMA recently discontinued its investigation into UBS.
FINMA found no systematic, serious misconduct, but sent the bank
a written reprimand," FINMA said in a statement following its
annual media conference.
In October, UBS was fined 1.3 million Singapore dollars
($930,000) by Singapore's central bank for breaches in
Singapore's anti-money laundering law.
($1 = 1.3984 Singapore dollars)
(Reporting by Silke Koltrowitz)