Liu Kai, a 35-year-old who was formerly with Bank Julius Baer & Co., was accused of aiding one of the now-convicted money launderers in submitting a forged Chinese tax document around November 2020 to help her open a bank account in Switzerland.
Singapore charged two former bank relationship managers for their alleged involvement in the country’s biggest money-laundering case, marking its first criminal actions against finance professionals in the $3 billion scandal.
Wang Qiming, a 26-year-old Chinese national, was charged with 10 counts including forging documents for the purpose of cheating the bank, according to charge sheets read out in a local state court on Thursday. He used to work at Citibank Singapore Ltd., according to records with the Monetary Authority of Singapore.
