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April 27, 2010updated 04 Apr 2017 3:54pm

SocGen launches internal audit into Singapore anomalies

Socit Gnrale has launched an internal audit mission to investigate anomalies in an account overseen by one of its private bankers in Singapore. The audit came after it reported the irregularities to the Monetary Authority of Singapore, the city states central bank. Frances second-largest bank discovered the irregularities in February and said it had immediately informed other clients whose accounts were overseen by the private banker, understood to be a client relationship manager.

By PBI Editorial

Société Générale has launched an internal audit mission to investigate anomalies in an account overseen by one of its private bankers in Singapore.

The audit came after it reported the irregularities to the Monetary Authority of Singapore, the city state’s central bank.

France’s second-largest bank discovered the irregularities in February and said it had immediately informed other clients whose accounts were overseen by the private banker, understood to be a client relationship manager.

The bank said there have been no other developments since early April. The bank could not give a date when its internal investigation would conclude.

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