Singapore hits global banks with $21.5M penalties after uncovering massive illicit finance network ...

Singapore fines financial firms $27.5 million for money laundering lapses, including Credit Suisse, UBS, and Citigroup. MAS ...

Singapore fines 9 financial firms S$27.45M in its biggest-ever money laundering case, exposing S$3B in dirty funds tied to ...

Scandal involving island-wide seizures of gold bars and luxury cars rocked city-state’s wealth management sector ...

SINGAPORE ― Singapore’s central bank has imposed penalties on nine financial institutions, including Citibank, Julius Baer and UBS, on Friday totaling SG$27.45 million ($21.5 million) in relation to ...

SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed S$27.45 million (US$21.55 million) in penalties on nine financial institutions for breaches related to the 2023 money laundering case ...

The firms have committed breaches linked to a US$2.36 billion money-laundering case, which led to the arrests of 10 people of ...

Capital market services firms and a trust company also faced hefty penalties for their inadequate anti-money laundering ...

MAS fines nine financial institutions S$27.45 million and bans four individuals after uncovering serious anti‑money ...

The banks involved - Credit Suisse, UOB, UBS , Citibank, Julius Baer, and LGT Bank - were each penalised between S$1mln and S$5.8mln ...

MAS said eight of the nine financial institutions did not review transactions flagged as suspicious by their own systems.