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

Singapore fines financial firms $27.5 million for money laundering lapses, including Credit Suisse, UBS, and Citigroup. MAS ...

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

Singapore fines 9 financial firms S$27.45M in its biggest-ever money laundering case, exposing S$3B in dirty funds tied to ...

Capital market services firms and a trust company also faced hefty penalties for their inadequate anti-money laundering ...

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 ...

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 ...

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

MAS fines nine financial institutions S$27.45 million and bans four individuals after uncovering serious anti‑money ...

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

The banks involved - Credit Suisse, UOB, UBS , Citibank, Julius Baer, and LGT Bank - were each penalised between S$1mln and S$5.8mln ...