Singapore

Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.

The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.

The woman received more than S$730,000 in criminal proceeds in various bank accounts she set up for her "online lover".

Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.

Between 2016 and 2019, eight police reports were filed by victims who were deceived into wiring around $1.7mn into the bank accounts of Singapore-registered shell companies.

NZX intends to delist its suite of dairy derivatives contracts from the NZX Derivatives Market and relist equivalent contracts on SGX.

Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.

At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC's acquisition of a target company.

Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.

The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.