The Singapore Police Force and the Institute of Singapore Chartered Accountants will cooperate to advance the development of financial forensics in Singapore.
February 3, 2023The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.
January 31, 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, 2023John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.
January 3, 2023The former CFO used false financial statements to obtain loans for Agritrade International and its suppliers, causing over $469mn in losses for up to 12 banks.
December 13, 2022The former representative deceived seven customers into transferring S$2mn to his personal bank accounts by promoting fictitious fixed deposits and other investment products.
December 8, 2022The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.
November 30, 2022The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.
July 25, 2022The founder and his former operations executive were charged for cheating Bank of China, HSBC and Credit Agricole CIB.
July 19, 2022The settlement is largest penalty the SEC has ever imposed against an audit firm, double KPMG's 2019 penalty.
July 1, 2022