Hong Kong Monetary Authority (HKMA) has fined Coutts & Co AG, Hong Kong Branch, HK$7 million (SG$1.3 million) for contravening provisions in the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance. This is a result of an investigation conducted by the HKMA between April 2012 and June 2015. In December 2016, Coutts was fined by … Continue reading Coutts & Co AG Fined SG$1.3m for Failing to Identify PEPs