
Singapore AML crackdown censures nine
Robert Li
,
The city state’s financial regulator levies a combined USD 21.5 million in penalties on financial institutions including six banks for contravention of anti-money laundering provisions.
The Monetary Authority of Singapore (MAS) released details on Friday (4 July) of its regulatory actions against nine financial services providers for breaches of regulations on anti-money laundering (AML) and combating the finance of terrorism (CFT). The fines total SGD 27.45 million (USD 21.5 million), the
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Robert Li
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Anti-money laundering financial services regulation financing of terrorism Fines Internal Controls Monetary Authority of Singapore Prohibition orders Singapore
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