Singapore to step up crackdown on money laundering to cement financial hub status
The Monetary Authority of Singapore will focus on combatting disclosure breaches, mis-selling of financial products and countering...
200 law firms suspended in UAE for failing to comply with anti-money laundering procedures
Abu Dhabi: A total of 200 law firms in the UAE that had failed to comply with anti-money laundering procedures have been suspended from...
Goldman Pays Billions—And Takes Millions From Top Execs—To End 1MDB Scandal
The bank will pay nearly $3 billion and recoup $174 from executives Goldman Sachs Group Inc. on Thursday admitted it broke U.S....
Goldman Sachs to pay $3bn over 1MDB corruption scandal
Photo: Richard Drew/AP Photo, File Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) to end a probe of its role in the 1MDB corruption...
MAS, IBF Take Steps to Prevent Financial Sector Job Losses
IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible...
Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing Deficiencies’
Fed, OCC order the nation’s third-largest bank to fix its risk-management systems Federal banking regulators on Wednesday fined Citigroup...
MAS orders Wirecard to cease credit card and other payment services in Singapore
The Monetary Authority of Singapore (MAS) has directed Wirecard entities here to cease their payment services in Singapore, it announced...
RegTech Asia 2020: Trends, Review and Outlook
How has the regtech industry has weathered the Covid-19 storm and provided support to global initiatives designed to keep our economies...
MAS ‘closely studying' reports on 'FinCEN' leak that mentioned Singapore banks in suspic
The Monetary Authority of Singapore (MAS) said on Monday (Sep 21) it is “closely studying” media reports mentioning Singapore banks in...
FinCEN Files: HSBC moved Ponzi scheme millions despite warning
HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files...
