UOB - Regulation Asia

105 More Charges Laid Against Hin Leong Founder

Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.

June 28, 2021

192

Market Infrastructure

OCBC Obtains Approval to Convert LIBOR Bonds to SONIA

OCBC has become the first Singapore bank to obtain approval from bondholders to replace GBP LIBOR with SONIA as the interest rate benchmark.

June 16, 2021

147

AML / KYC

UOB Pilots Digital Signing Capability via SingPass

UOB is testing the use of GovTech's 'Sign with Singpass' to allow a set of retail and corporate customers to confirm transactions and product applications.

June 14, 2021

640

Feature

Singapore Taskforce Issues Climate Disclosure Guide for FIs

GFIT also announced a framework for green trade finance and published a roadmap to scale green finance in the real estate, infrastructure, fund management and transition sectors.

May 20, 2021

122

AML / KYC

UOB Customer Data Gets Leaked In Impersonation Scam

Scammers obtained personal information of over 1,000 of UOB's Chinese customers with Singapore accounts by deceiving a bank employee.

May 13, 2021

128

Enforcement

Singapore Court Sentences Former Banker to Seven Years’ Jail

The former UOB and OCBC banker promoted fictitious deposit and investment products to customers and then misappropriated the funds.

May 13, 2021

535

AML / KYC

Data Analytics Becoming Embedded at Singapore FIs

The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.

May 3, 2021