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anti-money laundering (AML)
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
Zest
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
Global Economy
Briefs: Fed signals higher-for-longer rates; Goldman raises Brent oil forecast to US$100 as rally builds
Quoteworthy: "Ukrainian soldiers are doing with their blood what the UN Security Council should do by its voting."
September 21, 2023
Anti-money laundering
MAS reports $7.1 mil in penalties for anti-money laundering breaches from January 2022 to June
This is MAS’s fourth enforcement report, which details action taken high profile cases such as Three Arrow Capital and others.
September 21, 2023
Anti-money laundering
MAS reports $7.1 mil in compensation penalties for anti-money laundering related breaches from Jan 2022 to June 2023
This is part of the MAS’s fourth enforcement report, which details action taken against financial institutions and individuals.
September 19, 2023