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Singapore monetary authority penalises 9 banks, institutions

Singapore penalizes Citi, UBS, others for money laundering breaches

Singapore's central bank said Friday it has penalized several top global financial institutions, including Citibank and UBS, for breaches linked to the island-state's biggest money laundering case.

Reuters on MSN · 16h

Singapore monetary authority penalises 9 banks, institutions for 2023 money laundering case

The Monetary Authority of Singapore penalised six banks and three other financial institutions a total of S$27.45 million ($21.5 million) on Friday in relation to the country's biggest ever money laundering scandal in 2023.

The Financial Times · 17h

UBS, Citi and other banks hit by $21.5mn penalty over Singapore money-laundering case

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

MarketWatch · 16h

Singapore Central Bank Slaps Penalties on Financial Institutions

The Singapore branches of Credit Suisse, UBS and Julius Baer are among those being penalized, the Monetary Authority of Singapore said in a statement Friday announcing the composition penalties of 27.

Reuters · 14h

Singapore penalises nine financial institutions over 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 biggest ever money laundering case in 2023.

Why Singapore’s identity demanded distance from China – and its own story of nationhood

In his new book, veteran editor Cheong Yip Seng recalls how Lee Kuan Yew drew a diplomatic line that defined Singapore’s ...

22hon MSN

U.S. Private-Equity Firm I Squared Leads Race for KKR’s Singapore Logistics Asset

The U.S. private-equity firm has emerged as a leading contender to acquire KKR’s Singapore-based supply chain and logistics ...

19hon MSN

City Developments, UOL Shares Drop After Singapore Tightens Property Curbs

The government has been trying to rein in home prices in the city-state—one of the world's most expensive property markets.

Malay Mail on MSN15m

Singapore govt, NTUC and Grab form work group to address illegal foreign delivery riders

Singapore has formed a trilateral work group to address allegations of foreigners illegally taking on delivery jobs on platforms and affecting local ...

1don MSN

Thai posts falsely claim Cambodia loses access to Singapore oil exports

Singapore has not announced it will stop selling oil to Cambodia, contrary to social media posts shared after Phnom Penh said ...

1don MSN

Singapore’s Gan Warns Firms That US Tariffs May Stay After Trump

Singapore’s Deputy Prime Minister Gan Kim Yong warned that US tariffs may outlast President Donald Trump, urging businesses ...

World's Best Eats by Mike Chen on MSN12h

Singapore’s Most FAMOUS Lobster Noodles – Are They Worth It?

I finally got to try the legendary lobster noodles that everyone in Singapore talks about. This iconic dish blends rich ...

Singapore AI chip court case adjourned until August — trio accused of illegally smuggling Nvidia chips to China for use by AI firm DeepSeek

A Singapore court has moved the hearings for the three people accused of smuggling Nvidia chips for DeepSeek to August 22, ...

17h

Singapore Stocks Light Up Amid Global Gloom

The FTSE Straits Times Index touched fresh intraday highs at least three times during the week and closed at a record level Thursday. It was last down 0.2% but remains up around 5.9% year to date, ...