All posts tagged "CAD"
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713AML / KYCHK Police Arrest Five in Transnational Credit Card Fraud Probe
The syndicate members allegedly used credit card details stolen from cardholders in Singapore, US and Europe to make fraudulent online purchases of electronic products in Hong Kong.
July 30, 2020 -
521UncategorisedKPMG Cites Concerns Over ‘Questionable’ ZenRock Transactions
KPMG was appointed as ZenRock's interim judicial manager in May amid allegations from HSBC that the company engaged in "dishonest transactions".
July 15, 2020 -
1.2KAML / KYCSingapore Authorities Probe Two Companies with Wirecard Links
Citadelle Corporate Services is said to have handled Wirecard monies without a trust business licence. Senjo Group is said to have falsified accounts.
July 5, 2020 -
452EnforcementSingapore Authorities Commence Joint Investigation Into Hyflux
Water treatment firm Hyflux entered the limelight in 2018 when it tried to restructure nearly S$3bn in debt. The company is suspected of breaching disclosure and accounting rules.
June 3, 2020 -
838AML / KYCSingapore Police Arrest Suspect in Covid-19 Money Laundering Case
An overseas distribution company was defrauded of more than $646,000 for the purchase of N95 masks and personal protection gowns from a supposed supplier in Singapore.
June 1, 2020 -
1.3KAML / KYCSingapore Police Raid ZenRock Following HSBC Allegations of Fraud
Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.
May 10, 2020 -
1.5KAML / KYC
Singapore: Suspect Arrested in Covid-19 Money Laundering Case
Quick intervention by seven banks allowed enabled the recovery of more than 60% of the amount scammed in the fraudulent sale of surgical masks and hand sanitisers.
April 7, 2020 -
564Enforcement
Singapore: Four Individuals Charged for Illegal Trading
An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.
March 27, 2020 -
754AML / KYCOCBC Speeds Up Criminal Probes Through Automated System ‘POET’
'POET' digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.
February 4, 2020 -
530EnforcementFostering Customer Trust in the Financial Industry: MAS
Regulators and FIs alike have an important part to play to build trust in the financial industry, MAS deputy managing director Ong Chong Tee said in a speech on Saturday.
November 18, 2019
