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

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 ...

The Monetary Authority of Singapore (MAS) issued composition penalties amounting to $27.45 million to nine financial ...

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 ...

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

Credit Suisse, UOB and UBS were among nine financial institutions that have been slapped with S$27.45 million in penalties ...

The scandal exposed had critical weaknesses in preventing financial crimes. Read more at straitstimes.com. Read more at ...

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 more than US$20 million in penalties on nine financial institutions, including major international banks, for what it said were breaches of ...

The Monetary Authority of Singapore penalised six banks and three other financial institutions a total of S$27.45 million ...

Individual has previously served at Arqaam Capital, Beltone Financial, Renaissance Capital, Credit Suisse and CIB.