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Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB |
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By Anshuman Daga and Saeed Azhar SINGAPORE/ZURICH (Reuters) - Singapore's central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB. The Monetary Authority of Singapore (MAS) said in a statement it had ordered Falcon Private Bank's Singapore branch to cease operating because of "a persistent and severe lack of understanding" of Singapore's money-laundering controls.
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Australian parliament rejects bill for same-sex marriage vote |
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By Colin Packham SYDNEY (Reuters) - Same-sex marriage will likely be delayed for at least three years in Australia after the opposition Labor party said on Tuesday it would not support a national vote, dealing another potential blow to Prime Minister Malcolm Turnbull. Australia's centre-right coalition government introduced legislation to parliament last month to hold a public vote in February 2017 on whether to legalise same-sex unions. The bill required the support of some opposition lawmakers because Prime Minister Malcolm Turnbull's Liberal-National coalition has only a one-vote majority in the lower house of parliament and does not have a majority in the upper house.
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South Korea summons China ambassador over fishing boat clash |
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South Korea summoned China's ambassador on Tuesday to protest against what it says was a deliberate collision by a Chinese fishing vessel with a South Korean coast guard patrol boat that later capsized and sank. Disputes over illegal fishing are an irritant in relations between China and U.S. ally South Korea, even as their economic relations grow close. South Korea's Ministry of Public Safety and Security, which oversees the coast guard, said one of its patrol boats sank last week during an operation to crack down on a group of Chinese vessels fishing illegally off the Korean peninsula's west coast. |
U.N. chief: little action on South Sudan pledge to allow more peacekeepers |
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By Michelle Nichols UNITED NATIONS (Reuters) - A pledge by South Sudan's government to allow the deployment of more U.N. peacekeepers and to improve access for U.N. troops already on the ground in a bid to avoid an arms embargo is yet to translate into action, U.N. chief Ban Ki-moon said on Monday. President Salva Kiir agreed during a U.N. Security Council visit to South Sudan last month to accept 4,000 extra peacekeepers and to allow some 12,000 peacekeepers already on the ground to move around freely in order to protect civilians.
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