All posts tagged "UOB"
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785AML / KYCSingapore Court Charges Two for North Korea Linked Bank Fraud
The two are accused of falsifying invoices to conceal from UOB and OCBC the sale of sugar to North Korea entities. One of the individuals is also on the FBI's most-wanted list.
June 22, 2020 -
347FeatureSGX to Launch Single Stock Futures on 15 June
SGX has observed greater synchronisation and correlation between the price of futures and the underlying stocks, indicating growing institutional participation across both markets.
June 3, 2020 -
766AML / KYCSingapore Police Arrest Suspect in Covid-19 Money Laundering Case
An overseas distribution company was defrauded of more than $646,000 for the purchase of N95 masks and personal protection gowns from a supposed supplier in Singapore.
June 1, 2020 -
962FeatureSingapore to Develop Metrics to Assess Fairness of AI-driven Decisions
UOB and Element AI will develop fairness metrics for credit risk scoring; HSBC, IAG Firemark Labs and Gradient Institute will develop fairness metrics for customer marketing.
May 28, 2020 -
1.2KMarket InfrastructureDBS Prices Singapore’s First SORA-based Floating Rate Notes
DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore's alternative interest rate benchmark to SOR.
May 7, 2020 -
1.4KAML / KYCMAS, ABS Push Greater Adoption of Digital Financial Services
The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.
April 10, 2020 -
1.5KAML / KYC
Singapore: Suspect Arrested in Covid-19 Money Laundering Case
Quick intervention by seven banks allowed enabled the recovery of more than 60% of the amount scammed in the fraudulent sale of surgical masks and hand sanitisers.
April 7, 2020 -
582EnforcementMAS Bans Six Individuals for Fraud and Dishonest Conduct
The first five individuals abused their clients' trust for their personal gain and the last evaded taxes. All six also received prison sentences.
March 20, 2020 -
447Big PictureLow Oil Prices Amplify Asset Risks at Singapore Banks: Moody’s
The major concern for Singapore banks is the quality of loans to SMEs, which typically have lower financial flexibility and are more sensitive to operating and trade conditions.
March 17, 2020 -
727AML / 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
