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anti-money laundering (AML)
Anti-money laundering
Singapore publishes national anti-money laundering strategy
The city state takes a firm stance against money laundering while remaining welcoming towards legitimate businesses and investments.
29 days ago
Anti-money laundering
Singapore demands luxury sellers do more after laundering fiasco
Authorities are requesting such so-called gatekeepers to improve information sharing and understanding of anti-money laundering.
October 04, 2024
Anti-money laundering
Singapore charges ex-Citi, Julius Baer bankers in money laundering case
Singapore charged two former bank relationship managers for their alleged involvement in the country’s biggest AML case.
August 15, 2024
Anti-money laundering
Wait time for tax incentive applications to be shortened, banks’ AML rules to be standardised: MAS
Financial institutions “with material nexus to” the money laundering case may soon face punitive measures, says MAS.
July 18, 2024
Banking & finance
DBS fined by Hong Kong regulator for violating anti-money laundering rules
The disciplinary action follows an investigation by the Hong Kong Monetary Authority of DBS Hong Kong’s systems and controls.
July 05, 2024
Global Economy
Briefs: Biden faces mounting pressure; Singapore stocks jump to two-year high; Google’s emissions higher due to AI
In other news, tokenisation, AI and quantum computing are the best prospects for transforming finance, says Ravi Menon.
July 04, 2024
Anti-money laundering
Six family office funds tied to Singapore launder case got tax breaks
According to DPM Gan, the total value of assets forfeited from convicted individuals “far exceeds” any tax benefits accorded.
July 03, 2024
Anti-money laundering
Singapore proposes tougher law to catch money launderers
Authorities can now prosecute suspected offenders without needing to directly link illicit gains to the original crime.
July 02, 2024
Singapore news
Singapore seized $6 bil linked to criminal and money laundering activities since 2019
Of the amount confiscated between January 2019 and June 2024, some $416 million has been returned to victims.
June 26, 2024
Singapore news
Singapore’s reputation as haven for super-wealthy is tested: Bloomberg Opinion’s Shuli Ren
"Singapore, it turns out, still cares about its reputation. Singapore-washing has finally hit a wall.": Ren
June 17, 2024