In light of recent trend in rising money laundering activities, the central bank of Singapore will be setting up a dedicated departments to combat ML/TF. Singapore's financial sector faces the risk of being used as a conduit for money laundering and terrorist financing ... Read More →
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Singapore BSI Bank ordered to shut down
Singapore's central bank, Monetary Authority of Singapore (MAS) has ordered BSI Bank Limited to shut down in Singapore in light of serious beaches of anti-money laundering requirements, poor management oversight of the bank's operations, and gross misconduct by some of ... Read More →
