Deutsche-MAS allegations may go back five years

'Inappropriate' communication with Monetary Authority of Singapore happened years ago, sources say

monetary-authority-singapore
Monetary Authority of Singapore

The communication that has led to the suspension of Deutsche Bank employee Kai Lew, the first salesperson to be embroiled in the global currency trading probe, could date back as far as five years ago, sister publication CentralBanking.com has learned.

At the end of March, Deutsche Bank placed Lew, a director of institutional FX sales, 'on leave' following allegations of improper communication with the Monetary Authority of Singapore (MAS).

A well-placed source told CentralBanking.com the

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