by Jyotsna Bucktowar | Apr 3, 2024
The 32-year-old man admitted to 11 charges of money laundering, possessing proceeds from illegal remote gambling offences. More than $2.2 billion in assets have been seized or frozen in relation to the case. This likely makes it one of the largest money laundering...
by AdrianaAMLP | Mar 28, 2024
The proposed Notice will impose requirements on organised market operators to perform AML/CFT checks on market participants that are not financial institutions, and that trade directly on their organised markets without facilitation by a capital market...
by Jyotsna Bucktowar | Mar 28, 2024
Vang, 42, also known as Wang Shuiming, allegedly submitted forged financial statements from two companies – Xiamen Yetian Trading and Xiamen Likanghang Trading – to Bank Julius Baer & Co’s Singapore branch on July 19, 2022, as supporting documentation. Bank Julius...
by Jyotsna Bucktowar | Feb 22, 2024
A mass sale of prized real estate seized in Singapore’s biggest money-laundering case is set to provide a key test of demand for a niche part of the financial hub’s property market. More than a dozen so-called shophouses, each worth millions of dollars, have been put...
by AdrianaAMLP | Sep 19, 2023
The Monetary Authority of Singapore (MAS) issued its 4th Enforcement Report (963.6 KB), detailing robust enforcement actions taken against financial institutions (FIs) and individuals for money laundering (ML)related offences, market abuse, financial services...
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