[ad_1] SINGAPORE – A wealthy businessman linked to a foreigner arrested here in an anti-money laundering probe left Singapore abruptly amid the dragnet, with checks showing that two of the…
Tag: laundering
Singapore Director of 980 Firms Jailed for Neglect on Laundering
[ad_1] A Singaporean director of 980 companies in the city-state was sentenced to four weeks in jail after some of the companies he supervised were discovered to be laundering money,…
Citi, CIMB Used by Accused in Singapore’s Laundering Scandal
[ad_1] Citi, CIMB Used by Accused in Singapore’s Laundering Scandal Bloomberg [ad_2] Source link
EU greenlights creation of anti-money laundering watchdog
[ad_1] The EU still needs to decide where the new agency will be headquartered. ADVERTISEMENT The European Parliament and the Council of the European Union have agreed to the creation…
Anti-money laundering talks collapse amid rifts on football
[ad_1] Legislators have agreed on the shape of a new money laundering agency — but not its location, nor the rulebook it will follow ADVERTISEMENT Talks on a new EU…
South Africa and Nigeria graylisted for money laundering
[ad_1] The gray listing of Africa’s leading economies—South Africa and Nigeria—by global anti-money laundering and terrorism financing watchdog, Financial Action Task Force (FATF), is expected to present far-reaching setbacks to…
How $2 Billion Money Laundering Scandal Threatens Singapore’s Image
[ad_1] Singapore’s normally staid image has had a rough year. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian financial hub, in what the government…
DBS Has $74 Million Exposure to Singapore Laundering Scandal
[ad_1] DBS Group Holdings Ltd.’s exposure to a money laundering scandal in Singapore is about S$100 million ($74 million), mainly from financing properties of those arrested in one of the…
Singapore Bank Sues Money Laundering Suspect for $15 Million
[ad_1] Oversea-Chinese Banking Corp. has sued a suspect involved in Singapore’s biggest money laundering case, marking the first known case of a lender in the city-state taking action to recover…
Singapore Investigates Hundreds Involved in Scams, Laundering
[ad_1] Police in Singapore have identified nearly 400 suspects for alleged involvement in scams and money muling, as authorities in the Asian financial hub double down on checking frauds targeting…