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Tina Ambani may appear before ED on Tuesday in money laundering case
Tina Ambani, former actor and wife of Reliance Group chairman Anil Ambani, is expected to appear before the Enforcement Directorate (ED)…
Tag
laundering
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German AfD politican found guilty of money laundering, coercion
A controversial member of the anti-immigrant Alternative for Germany (AfD) party was found guilty on Monday of money laundering and…
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Director Jailed, Singapore Company Fined Over Money Laundering Linked to Overseas Scam
A company director and his firm were sentenced on Tuesday, January 6, for money laundering offences involving funds linked to an overseas…
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Fujian gang, Prince Group money laundering incidents unlikely to dent Singapore’s appeal as wealth hub
MAS likely to go ahead with simplifying SFO tax incentive framework in face of rising competition Singapore has risen to become one of the…
Business
Singapore: 3 People Charged over Alleged Fraudulent Trading Practices, Money Laundering
Three senior executives from online trading platform Samtrade FX have been charged in court over alleged fraudulent trading practices and…
News
Ex-Citibank Manager Jailed 24 Months Over Role in S$3 Billion Money Laundering Scandal in Singapore
A former relationship manager with Citibank Singapore has been sentenced to two years' jail for multiple offences involving forgery, money…
Business
Former Citi, Julius Baer bankers to plead guilty in S$3 billion money laundering scandal
TWO former bankers at Citigroup and Julius Baer Group are set to plead guilty for their alleged roles in aiding the movement of illicit…
Business
Former Citi banker gets longest sentence in S$3 billion money laundering scandal
Former Julius Baer Group Ltd. banker Liu Kai is scheduled to plead guilty on Friday A former wealth banker at Citigroup Inc. got the…
Business
Former Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal
A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the…
News
Elderly Man, 61, Holding Vietnamese and US Passports Convicted of Money Laundering in Singapore
A 61-year-old man was sentenced to 19 months' imprisonment and fined S$239,065 on Thursday, August 28, for money laundering offences.…
News
Heavier anti-money laundering penalties could help Singapore maintain high standards as wealth hub
Authorities in Singapore appear to be kicking it up a notch, as they round up more individuals and entities for their involvement in a S$3…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches,…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related…
News
Singapore-Registered Company Charged Over Suspected Money Laundering Offence
A Singapore-registered company was charged in court on Tuesday, July 1, for its suspected involvement in money laundering activities. The…
Business
MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its anti-money…
News
Singaporean Man, 58, Sentenced to 31 years' Jail for Drug Trafficking and Money Laundering; Avoids Death Penalty by 0.01g
A 58-year-old Singaporean man was sentenced to 31 years in prison for drug trafficking and drug money laundering offences, avoiding the…
Business
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering…
Business
ABS partnership outlines best practices for anti-money laundering audits in banks
THE Association of Banks in Singapore (ABS) has launched Singapore’s first industry-led best practice paper to enhance anti-money…
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Binance compliance chief denied bail in Nigeria money laundering case
BINANCE’S head of financial compliance was denied bail for a second time on Friday (Oct 11) as his trial on money laundering charges…