1st April 2016
SINGAPORE – The Monetary Authority of Singapore (MAS) is asking a few financial institutions to co-operate in its probe into possible money-laundering and other offences, some of which may involve beleaguered Malaysian state investment company 1Malaysia Development Bhd (1MDB). Read More
11th March 2016
Yak Yew Chee, a BSI Bank Singapore executive whose financial accounts were frozen as part of a probe related to a Malaysian government fund, left the bank in February, according to the firm. Read More
4th March 2016
The US sought to make UBS Group AG turn over records on an account in Singapore held by a US citizen, possibly forcing a showdown with the city-state over its bank-secrecy laws and opening a new front against offshore tax evasion beyond Switzerland. Read More
24th February 2016
Keppel says it would “take all necessary steps to eradicate such conduct if discovered”, after Brazilian police said they were investigating allegations of bribes paid from contracts with subsidiary Keppel Fels. Read More
8th February 2016
SINGAPORE (Reuters) – A banker at Swiss wealth manager BSI Singapore withdrew a request to the Singapore High Court on Friday to release his bank accounts, frozen by authorities here as part of an investigation into money laundering related to the embattled 1Malaysia Development Berhad (1MDB) fund. Read More
5th February 2016
A banker at Swiss wealth manager BSI Singapore withdrew a request to the Singapore High Court on Friday to release his bank accounts, frozen by authorities here as part of an investigation into money laundering related to the embattled 1Malaysia Development Berhad (1MDB) fund. Read More
2nd February 2016
The individual responsible for dealings between Swiss wealth manager BSI’s Singapore unit and entities linked to Malaysian state investment fund 1MDB will ask a Singapore court to release money from his bank accounts, sources familiar with the matter said on Tuesday. Read More
1st February 2016
Singapore has seized a large number of bank accounts in recent months as part of an investigation into possible money-laundering linked to Malaysian state investment fund 1Malaysia Development Berhad (1MDB), authorities said on Monday. Read More
29th January 2016
Singapore (AFP) – A Singapore shipping firm was fined Friday for its role in an attempt to smuggle Soviet-era weapons and fighter jets from Cuba to North Korea in 2013. Read More