anti-money laundering

Fintech

Forgers are forcing a US$9 tril business into the digital age

(May 6): The US$9 trillion ($12.3 trillion) business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.

Swiss watchdog probed 22 money laundering breaches in 2016

SINGAPORE (April 4): Swiss financial watchdog FINMA investigated more than twice as many breaches of anti-money laundering rules in 2016 as it did a year earlier, the supervisory body said on Tuesday.

Singapore’s year of misbehaving moneymen puts MAS on high alert

(Dec 28): The naughty list for Singapore financiers has rarely been so long.

Singapore, Switzerland move on 1MDB case: more charges, arrests, bank closures

Singapore and Switzerland took further action this past week against banks and bankers in their respective jurisdictions found to have abetted individuals linked to 1Malaysia Development Bhd, the scandal-plagued sovereign wealth fund that has become a byw
Falcon Private Bank

1MDB Watch

4 reasons why MAS and FINMA had to clip Falcon Bank’s wings

SINGAPORE (Oct 12): The Swiss Financial Market Supervisory Authority FINMA and the Monetary Authority of Singapore (MAS) on Tuesday landed a devastating one-two punch on Falcon Private Bank for breaches related to 1Malaysia Development Berhad (1MDB).

Singapore lauded by anti-money laundering global taskforce but more could be done, says FATF

SINGAPORE (Sept 27): Financial Action Task Force (FATF), the global body that monitors money laundering and terrorist financing, has lauded Singapore for its efforts in combating these crimes.
BSI

Singapore BSI crackdown signals cost jump for Asia private banking

SINGAPORE (June 2): Singapore’s move to shut down scandal-plagued BSI Bank Ltd.’s operations in the country is reverberating through private banks facing surging costs to combat money laundering and protracted screening of new clients.
  •  
×