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.

Its former banking relationship manager, Wang Qiming, has indicated his intention to plead guilty to 10 charges, including money laundering and forgery, during a court appearance in December 2024.

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 ...

The banks involved - Credit Suisse, UOB, UBS , Citibank, Julius Baer, and LGT Bank - were each penalised between S$1mln and S$5.8mln ...

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 ...

SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money ...

SINGAPORE -- Singapore's financial regulator on Friday slapped penalties totaling 27.45 million Singapore dollars ($21.5 million) on major banks for shortcomings in preventing a SG$3 billion money ...

Should you switch to a credit union or stick with a traditional bank? In this video, we break down the key differences, pros, and cons so you can make the best financial decision for your banking ...

By bno - Taipei Office One of the clearest examples of Asia’s rising prominence in the global banking sector can be found in ...

Credit Suisse U.S. stock CS fell about 13.9% to $2.16 per share in trading Wednesday, while its shares in Europe CH:CSGN dipped below the 2 franc level, after the bank’s top shareholder, Saudi ...

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 ...