[ad_1] (Reuters) -The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of…
Tag: moneylaundering
Hong Kong, Indian customs arrest 8 in HK$500 million money-laundering case
[ad_1] Yeung said they were directors of five companies in the city involved in money-laundering activities, with two of them the syndicate’s alleged ringleaders. During raids on the firms’ offices,…
Family office screenings in Singapore to face tougher checks
[ad_1] SINGAPORE: Wealthy families interested in setting up single-family offices (SFOs) in Singapore and wanting to tap tax incentives offered by the Monetary Authority of Singapore (MAS) will face stricter…
Royal Bank of Canada Fined C$7.5 Million Over Money-Laundering Lapses
[ad_1] OTTAWA—Canada’s financial-intelligence agency said Tuesday it has fined Royal Bank of Canada, the country’s largest lender by market capitalization, for failing to comply with the country’s rules aimed at…
OCBC sues money laundering suspect for US$15mil
[ad_1] SINGAPORE: Oversea-Chinese Banking Corp (OCBC) 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…
EU’s football money-laundering plan inflamed by Chelsea claims
[ad_1] Lawmakers say allegations of misdealing by ex-owner Roman Abramovich lend credence to their crusade against dirty money in sport, though others urge caution ADVERTISEMENT Recent revelations about financial misdealings…
Race to host EU’s money-laundering watchdog AMLA hots up
[ad_1] Heft, geopolitics and money-laundering prowess are all coming into play as cities from Madrid to Vilnius jostle for a new agency ADVERTISEMENT A battle to host the EU’s anti-money…
Officials to inspect banks in US$2bil scandal
[ad_1] Singapore: Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal…
Singapore to inspect Credit Suisse, others in money-laundering scandal
[ad_1] THE Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy…