Swiss financial body Finma said yesterday it had discontinued its investigation into UBS Group AG in connection with the scandal-tainted 1MDB fund.

&ldquo;Finma recently discontinued its investigation into UBS. Finma found no systematic, serious misconduct, but sent the bank a written reprimand,&rdquo; Finma&nbsp;said in a statement following its annual media conference.

In October, UBS was fined S$1.3 million (RM4.11 million) by Singapore&#39;s central bank for breaches in Singapore&#39;s anti-money-laundering law.

- Reuters 
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&#39;Finma found no systematic, serious misconduct, but sent the bank a written reprimand.&#39;