Several PBOC and CBIRC officials have been named in corruption investigations. A former ICBC executive has pleaded guilty on bribery charges.
June 30, 2022Restrictions on household loans appear to have caused an increase in loans to businesses from savings banks to fund housing purchases.
June 27, 2022Banks will be required to more closely monitor their agent banking outlets, conduct regular visits of such operations, and submit quarterly reports on any irregularities detected.
May 1, 2022Misconduct reports will have to be submitted to MAS within 21 calendar days after an FI has found reasonable grounds to believe that misconduct has been committed.
April 24, 2022The man used fake invoices in business loan applications to cheat OCBC, Maybank and UOB out of about SGD 2.6 million.
April 22, 2022The man received funds in his and his company's bank accounts that were derived from chearing offences perpetrated overseas and locally.
April 8, 2022Listed companies are asked to improve the effectiveness of their financial reporting controls and the quality of their accounting information.
March 28, 2022The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.
March 21, 2022The former representative was convicted of forgery in the State Courts last year, leading MAS to believe she would not perform financial advisory services honestly.
February 25, 2022Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.
December 2, 2021