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anti-money laundering (AML)
Anti-money laundering
Singapore ramps up scrutiny of family offices, hedge funds
The government’s push to tighten various investment regimes has accelerated since March.
June 11, 2024
Anti-money laundering
Singapore banks probe rich clients after money-laundering case
The Monetary Authority of Singapore recently completed on-site inspections of some banks that were involved in the case.
June 10, 2024
Anti-money laundering
MAS imposes $2.5 mil penalty on Swiss-Asia Financial Services for AML and CFT breaches
In its May 7 statement, MAS says the company has taken the “necessary remedial actions” to address the deficiencies identified.
May 07, 2024
Anti-money laundering
Singapore seizures rise to $3 bil in money laundering case
Warrants of arrest and Interpol Red Notices have also been issued against Su Yongcan and Wang Huoqiang.
January 19, 2024
Anti-money laundering
Singapore director of 980 firms jailed for fraud neglect
Xie had faced 49 charges and was fined $57,000 on Monday, according to the court.
December 21, 2023
Anti-money laundering
OCBC sues money laundering suspect for $19.7 mil
Southeast Asia’s second-largest bank filed a claim against Su Baolin, a Cambodian passport holder, last month.
December 01, 2023
Anti-money laundering
UBS, ICBC and Bank of China join banks ensnared in Singapore’s US$2 bil scandal
More than 10 banks have been ensnared for their ties with the alleged money launderers, or their businesses in Singapore.
October 19, 2023
Banking & finance
MAS among central banks to explore protocols for policy and regulatory compliance in cross-border transactions
The other central banks are the Reserve Bank of Australia, Bank of Korea and Bank Negara Malaysia.
October 05, 2023
Anti-money laundering
Singapore mulls family office rules as launderer ties probed
MAS is reviewing its internal incentive administration processes, and will tighten them where necessary, says Alvin Tan.
October 03, 2023
Anti-money laundering
Total value of assets seized in money laundering case now more than $2.8 billion
This is the latest figure, revealed by minister Josephine Teo at a parliamentary sitting on Oct 3.
October 03, 2023