Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime

UOBKH says impact of $375k fine 'not material', appointing external party to validate remedial measures - THE EDGE SINGAPORE

Regulatory Action

UOBKH says impact of $375k fine 'not material', appointing external party to validate remedial measures

The brokerage was fined $375,000 for failing to comply with business conduct, as well as AML/CFT requirements.

MAS forecasts 1-3% GDP growth for rest of the year; warns of geopolitical risks

SINGAPORE (June 29): Singapore’s economy is expected to continue growing at 1-3% for the remainder of the year.
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