Money
Payment system to let Singaporeans send money instantly via mobile phones to four countries
RESIDENTS here are closer to the day when they will be able to make instant and cheap cross-border money transfers to four other Asian countries via local apps such...
Who Is Marisa Simonetti? Aspiring GOP Claims She Has Made Lots of Money as an Escort as She Is Accused of Throwing Live Tarantula at Tenant
A Minnesota Republican candidate, who is accused of throwing a tarantula at her roommate, has declined to deny allegations that she works as an escort. Marisa Simonetti, a 30-year-old...
The list of money managers axeing oil stocks just got longer
THERE’S a growing list of institutional investors in Europe that are stripping oil and gas stocks out of their portfolios, in a move they say reduces the risk of...
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 Moody’s. Singapore may be susceptible to increased money laundering...
China lures US$2.3 billion of Middle East sovereign money in 2023
ABOUT US$2.3 billion of Middle East sovereign wealth fund capital flowed into the greater China market last year, Hong Kong Monetary Authority’s (HKMA) Kenneth Hui said on Monday (Jun...
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 higher money laundering risks to Singapore, indicated the updated...
Taiwan’s Cathay United Bank follows client money to Singapore
CATHAY Financial Holding, Taiwan’s largest financial firm by assets, is hiring more staff in Singapore to follow shifting regional money flows as its clients expand their presence in South-east...
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 the prevention of money laundering in connection with two...
