All posts tagged "UOB"
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544AML / 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 -
481Securities & TradingSGX RegCo Launches Review of Regulatory Framework for Retail Bonds
The working group tasked with recommending changes to the framework comprises representatives from the Securities Investors Association Singapore, DBS, OCBC, and UOB, among others.
January 2, 2020 -
449Capital RegulationChina State Fund, UOB Among Investors to Rescue Hengfeng Bank
A unit of China’s state fund, the Shandong government’s asset management arm, and UOB are among those that will invest in new shares to prop up troubled lender Hengfeng Bank.
December 20, 2019 -
1.0KFintech / RegtechSingapore Brokerages to Enter Race for Digital Bank Licences
Domestic brokerages Phillip Securities and iFAST prepare to draw up applications digital banking licence to fend off competition from foreign entrants and domestic banks expanding into brokerage business.
December 4, 2019 -
474EnforcementMAS Bars Four Individuals for Fraudulent, Dishonest Conduct
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
October 14, 2019 -
934AML / KYCSingapore Banker Faces 94 Charges for S$1.9m Fraud
The former banker allegedly told his victims their funds would be placed as fixed deposits or in financial products, resulting in client losses over S$1.9mn.
October 8, 2019 -
1.0KAML / KYCSingapore: New Platform Targets AML Risks in Trade Finance
The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.
September 9, 2019 -
639AML / KYCSingapore Police, Banks Collaborate to Thwart Scammers
Since the Anti-Scam Centre was set up in June, DBS, OCBC and UOB have frozen 815 bank accounts and recovered S$840,000 in scam-related losses.
September 3, 2019 -
1.5KAML / KYCNTU Singapore to Develop New Tools to Fight Money Laundering
Supported by the MAS and Singapore's major banks, the project seeks to help wealth managers address money laundering risks with new AI and machine learning capabilities.
August 22, 2019 -
854Capital Regulation
China Intervenes to Support a Third Troubled Bank
China’s sovereign wealth fund and the Shandong provincial government will invest in Hengfeng Bank, which failed to disclose its financial statements for two straight years.
August 12, 2019
