Back to Main Theme

Singapore

Republic of Singapore

Advanced Filters
Contributors
Tags
Singapore
Clear All
2024 Update | Singapore

by Starling Insights

Compendium

Jun 11, 2024

Much 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.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

MAS Levies Four Money Laundering Fines

by Starling Insights

Observations

Jun 27, 2023

The 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.