The police acted on information from DBS, seizing S$680,000 and arresting five individuals including a 16-year-old.
November 16, 2023For 2023 and 2024, MAS will prioritise enforcement in the digital asset ecosystem as well as regulatory compliance by asset and wealth managers.
September 20, 2023Thong Chee Kun and Gazalle Mok from Rajah & Tann Singapore tell Regulation Asia that it is crucial for real estate developers and agents to conduct regular risk assessments and AML training to identify evolving money laundering risks and techniques.
September 19, 2023The security feature enables banks to block access to their mobile apps and alert the customer if malware is detected on their device.
September 19, 2023The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.
August 17, 2023A former Maybank Kim Eng Securities remisier faces 52 charges for misappropriating SGD 13 million of client funds.
August 5, 2023The case involves the misappropriation of S$76mn in clients' funds over three years by the former lawyer, previously the managing partner of JLC Advisors LLP.
July 19, 2023The former personal banker induced a victim into transferring funds for investment in fixed deposits and financial products that were never made.
February 14, 2023The Singapore Police Force and the Institute of Singapore Chartered Accountants will cooperate to advance the development of financial forensics in Singapore.
February 3, 2023The former CFO instructed subordinates to submit false financial statements to banks in Japan, South Korea, India and Taiwan to obtain trade financing.
January 18, 2023