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 ...
Tag: laundering
Money laundering events in Singapore up 79% in 2023: Moody’s
MONEY laundering events in Singapore rose 79 per cent in 2023 from 2022, according to data from credit ratings agency ...
Singapore flags corporate service providers, real estate among non-bank money laundering risks
CORPORATE service providers, real estate, casinos as well as precious stones and metals are among the non-banking sectors that pose ...
HSBC Switzerland breached money laundering rules: Swiss watchdog
FINMA, the Swiss financial watchdog, said on Tuesday (Jun 18) that the local HSBC branch has breached its obligations in ...
S$3 billion anti-money laundering bust wraps up with 10th and final individual jailed
IT WAS a whirlwind anti-money laundering bust involving billions of dollars that took Singapore by storm. Now, nearly 10 months after ...
Singapore banks probe rich clients, train staff to spot money laundering tricks
CITIGROUP, DBS Group Holdings and other banks caught up in Singapore’s biggest money-laundering scandal are ramping up scrutiny of their ...
The banks that hold most money in Singapore laundering scandal
In a Singapore courtroom on Friday (Jun 7), the last of those arrested for their involvement in the island nation’s ...
Money laundering case: Bulk of S$3 billion worth of assets seized from 17 foreigners, not from 10 arrested
THE S$3 billion in cash and assets seized or issued with prohibition of disposal orders in Singapore’s largest money laundering ...
Last S$3 billion money laundering accused to plead guilty handed four more charges, including faking job titles
THE last person in Singapore’s largest money laundering case scheduled to plead guilty has been handed new charges alleging he ...
Only woman in Singapore money laundering case sentenced to 15 months’ jail
LIN Baoying, 44, the only woman among the 10 foreigners nabbed in last year’s billion-dollar money laundering bust, was handed ...
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