Singapore Slaps Nine Financial Institutions with Record Fines Over S$3 Billion Dirty-Money Scandal
Singapore’s reputation as Asia’s cleanest financial hub is under fire after regulators imposed a record S$27.45 million in fines on nine institutions, including UBS and Citibank, for failing to stop a massive money-laundering operation tied to online scams and gambling. Authorities warn this is just the beginning of stricter enforcement across the sector.
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Singapore Slaps Nine Financial Institutions with Record Fines Over S$3 Billion Dirty-Money Scandal
Singapore’s reputation as Asia’s cleanest financial hub is under fire after regulators imposed a record S$27.45 million in…
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Russia’s Summer Offensive in Ukraine Falls Short: But Kyiv Has Little to Celebrate
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