MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its ...
Tag: laundering
Singaporean Man, 58, Sentenced to 31 years’ Jail for Drug Trafficking and Money Laundering; Avoids Death Penalty by 0.01g
A 58-year-old Singaporean man was sentenced to 31 years in prison for drug trafficking and drug money laundering offences, avoiding ...
Julius Baer to pay 4.4 million Swiss francs after Swiss money laundering probe
The bank has been under investigation over transactions that had occurred between 2009 and 2019 and linked to operations in ...
UBS acquitted over Credit Suisse criminal money laundering case
CREDIT Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a ...
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls ...
Social platforms, crypto exchanges can help fight money laundering and fraud, say Fintech Festival panellists
They add that the transboundary nature of financial crimes make data sharing between jurisdictions trickyA CALL went out on Thursday ...
ABS partnership outlines best practices for anti-money laundering audits in banks
THE Association of Banks in Singapore (ABS) has launched Singapore’s first industry-led best practice paper to enhance anti-money laundering/countering the ...
Binance compliance chief denied bail in Nigeria money laundering case
BINANCE’S head of financial compliance was denied bail for a second time on Friday (Oct 11) as his trial on ...
Ex-Citi, Julius Baer bankers charged in money laundering case were stars in the race for China’s rich
LESS than two years out of college, Wang Qiming was making waves within Citibank Singapore by bringing in millions in ...
DBS unit fined in Hong Kong for anti-money laundering breach
DBS Group Holdings’ Hong Kong unit was fined HK$10 million (S$1.7 million) by the city’s regulator for lapses in adhering ...
Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.
© 2024 Forbes 40under40. All Rights Reserved.