UBS, Citi and Other Banks Hit with $21.5mn Penalty over Singapore Money-Laundering Case

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

Singapore hands Credit Suisse, Citi, others $21.5m in penalties

SINGAPORE -- Singapore's financial regulator on Friday slapped penalties totaling 27.45 million Singapore dollars ($21.5 million) on major banks for s

Singapore money laundering: UBS, UOB among banks hit with millions in penalties

Capital market services firms and a trust company also faced hefty penalties for their inadequate anti-money laundering measures.

UBS, Citi Among Banks Punished in Singapore Laundering Scandal

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.

UBS, Citi and other banks hit with $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

Roundup: UBS, Citi Fined in Singapore Money Laundering Case - Mingtiandi

Singapore hands down its second-largest collective penalty ever to banks and wealth managers entangled in the city-state’s $2 billion money-laundering scandal, with that story leading today’s headline roundup. Also making the list, Hong Kong builder Parkview Group mulls a $26... Read More>> The post UBS, Citi Fined in Singapore Money Laundering Case and More Asia Real Estate Headlines appeared first on Mingtiandi.