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

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

This is the biggest regulatory action taken by MAS since it shut down Swiss bank BSI SA’s local unit in 2016 and penalized ...

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 ...

Singapore's central bank has imposed penalties on nine financial institutions, including Citibank, Julius Baer and UBS, on Friday totalling S$27.45 million ($21.5 million) in relation to the country's ...

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 ...

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 ...

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

The raids have been underway since early morning in Jharkhand's Hazaribagh and Ranchi, based on an ongoing investigation ...

The Monetary Authority of Singapore penalised six banks and three other financial institutions a total of S$27.45 million ($21.5 million) on Friday in relation to the country's biggest ever money ...

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