Singapore's central bank said on Tuesday that it has imposed financial penalties on Credit Suisse and United Overseas Bank after completing its two-year review of banks involved in 1MDB-related transactions.

It fined Credit Suisse S$700,000 ($504,950) and UOB S$900,000. It has previously imposed fines on other banks.

The Monetary Authority of Singapore said in a statement on Tuesday that its latest inspections of the two banks revealed several breaches of anti-money laundering requirements and control lapses.