All posts tagged "cheating"
-
201AML / KYCSingapore Woman Admits to Receiving Criminal Proceeds
On instructions from a man she met online, a secretary of a law firm opened bank accounts that were used to receive funds stolen from a Botswana bank.
October 11, 2021 -
230AML / KYCSingapore Court Jails Russian National for Deceiving Banks
The banks were deceived regarding true beneficial ownership in their decision to open bank accounts between 2014 to 2017.
September 9, 2021 -
304EnforcementSingapore: 20 More Charges Laid in Nickel Trading Fraud Case
Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.
September 3, 2021 -
286EnforcementIndian Police Arrest Karvy Stock Broking Founder for Fraud
The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.
August 26, 2021 -
228AML / KYC
Singapore Court Jails Key Members of SkillsFuture Scam
A husband and wife were jailed for 17 and 14 years respectively after pleading guilty to cheating, forgery and money laundering offences.
August 18, 2021 -
258EnforcementSingapore Police Charge Daughter of Hin Leong Founder
Lim Huey Ching instructed a Hin Leong employee to ensure deleted items could not be recovered and to permanently dispose of server backups.
August 5, 2021 -
434AML / KYCSingapore Man Admits to Laundering Money in SkillsFuture Scam
A former Grab and Uber driver has admitted to playing the role of a "dummy director" of several shell companies involved in the SkillsFuture scam.
July 20, 2021 -
169Enforcement105 More Charges Laid Against Hin Leong Founder
Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.
June 28, 2021 -
295ChinaCBIRC 2020 Penalties Show Emphasis on Personal Accountability
The CBIRC issued $350mn in fines against 3,178 banks and insurance firms in 2020. The number of individuals punished rose by about 30% from 2019.
May 22, 2021 -
427Enforcement
SG Police Issue Cheating Charges in Nickel Trading Fraud Case
With the latest charges, Ng Yu Zhi now faces a total of 18 counts of cheating, fraudulent trading and forgery. He will return to court on 28 June.
May 18, 2021
