Singapore imposed S$27.5 million ($21.5 million) in penalties on nine financial firms, including a few of the world’s biggest banks, for lapses related to the city’s largest money laundering case.

SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed S$27.45 million (US$21.55 million) in penalties on nine financial institutions for breaches related to the 2023 money laundering case ...

The Monetary Authority of Singapore (MAS) issued composition penalties amounting to $27.45 million to nine financial ...

SINGAPORE ― Singapore’s central bank has imposed penalties on nine financial institutions, including Citibank, Julius Baer and UBS, on Friday totaling SG$27.45 million ($21.5 million) in relation to ...

SINGAPORE--Singapore's central bank has imposed more than US$20 million in penalties on nine financial institutions, including major international banks, for what it said were breaches of ...

Of the nine FIs, six are banks. They are: Credit Suisse Singapore branch; United Overseas Bank (UOB); UBS AG, Singapore ...

The sudden closure of New York-based Signature Bank by regulators on March 12, 2023, marked a critical moment in a wave of ...

LONDON, July 2, 2025 /PRNewswire/ -- Premialab, has today announced the appointment of Mr. Bogdan Levchenko, CFA as Senior Product Specialist as part of the expansion of its EMEA team. Mr. Levchenko ...

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws ...

Switzerland continues to benefit from strong fundamentals, highly credible institutions, and a skilled labor force, positioning it among the world’s most competitive, resilient, and innovative ...

One of the world’s biggest banks has fallen—dragging scandal, spying, and suspicion with it. This video unpacks the Credit Suisse collapse and the dark web of corruption that brought it down.

The appointment comes after Thomas Jordan left Switzerland’s central bank last year. The company aims to combine in-house ...