Compendium
Jun 11, 2024Much like other jurisdictions discussed in this report, Singapore has witnessed conduct problems in the financial industry over the past years. Below, we discuss how the courts and regulators have sought to hold the firms and individuals involved in these situations to account.
Observations
Jun 27, 2023The Monetary Authority of Singapore (MAS) has imposed fines totaling $2.83 million on Citibank, DBS, OCBC, and Swiss Life for breaching anti-money laundering and countering terrorism financing requirements. The penalties resulted from inadequate controls discovered during MAS' investigation into the Wirecard fraud scandal.
Compendium
May 15, 2022
