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Singapore penalises Citi, UBS, others

UBS and Citi among nine banks fined $21.5mn in Singapore money-laundering case
Scandal involving island-wide seizures of gold bars and luxury cars rocked city-state’s wealth management sector
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.
UBS, Citi Among Banks Punished in Singapore Laundering Saga
Singapore imposed S$27.5 million ($21.5 million) in penalties on nine financial firms, including a few of the world’s biggest banks, for lapses related to the city’s largest money laundering case.
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.
Singapore money laundering: UBS, UOB, Citi among banks hit with US$22 million in penalties
Capital market services firms and a trust company also faced hefty penalties for their inadequate anti-money laundering measures.
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related breaches, said the Monetary Authority of Singapore (MAS).
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.
Singapore fines Citibank, UBS and others in RM10b money laundering crackdown involving Chinese nationals
Singapore’s central bank said today it has penalised several top global financial institutions, including Citibank and Swiss lender UBS, for breaches
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.
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Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines
Singapore hits banks with $21.5M in fines over a $2.2 billion money laundering scandal involving cash, property and crypto ...
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Singapore fines nine banks including UBS and Citi in $1.6bn laundering case; HSBC sells UK life insurance business
Singapore has imposed a total of S$27.45mn ($21.5mn) in penalties on nine financial institutions, including UBS, Citi and ...
UBS, Credit Suisse, Julius Bär Fined In Singapore
Singapore's financial market regulator has fined nine banks for violating anti-money laundering regulations, including UBS, ...
Global financial institutions fined for money laundering breaches
The central bank said it has penalised several top global financial institutions, including Citibank and UBS, for breaches linked to the island-state's biggest money laundering case.