nickel scam

MAS reports $7.1 mil in penalties for anti-money laundering breaches from January 2022 to June - THE EDGE SINGAPORE

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.

Regulatory Action

Singapore's probe into Noble Group to conclude in 3Q, says MAS

Besides Noble, MAS says investigations on Hyflux, Eagle Hospitality Trust and nickel trading scam, are ongoing

Company in the news

Ng Yu Zhi faces 18 new charges related to alleged nickel investment scam

Two new alleged victims named: Nai Soon Tong and Ong Suat Kuan
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