The 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 illegal behavior lasted nearly 10 years, affecting nine customers, five of which were seniors. The total amount involved was about TWD 84.5 million.
August 1, 2022The founder and his former operations executive were charged for cheating Bank of China, HSBC and Credit Agricole CIB.
July 19, 2022Several 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, 2022