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

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 ...

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

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 ...

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

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

The raids have been underway since early morning in Jharkhand's Hazaribagh and Ranchi, based on an ongoing investigation ...

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.

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

SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money ...