US Edition[Opinion] Sheng Siong Suspended PayNow Withdrawals From Teller Machines Due to $ Laundering
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4 Articles
Sheng Siong suspends and reinstates PayNow cash withdrawal service amid money laundering scheme
Sheng Siong has temporarily suspended and reinstated its PayNow cash withdrawal service after discovering a money laundering scheme that exploited its Simple Teller Machines ($TMs). The supermarket chain halted the service on 19 June 2025 after identifying abnormal withdrawal patterns. It resumed operations on 23 June, following the introduction of tighter transaction limits. The $TM system allows users to scan a PayNow QR code and withdraw up t…
The approved opinion seeks to strengthen inter-institutional coordination to investigate and punish operations with resources of illicit origin The entry Senators approve reforms to strengthen actions against money laundering was first published in La Voz de Michoacán.
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