22nd April 2016
Singapore authorities have charged a former private banker with money laundering, following their probe into an embattled Malaysian state investment fund, according to people familiar with the case. Read More
14th April 2016
SINGAPORE: Singapore, a major international financial centre, has put in place a "robust preventive regime" as part of the global efforts against money- laundering, a top official said today. Read More
11th April 2016
SINGAPORE — The Republic’s central bank said on Monday (April 11) that it does not tolerate any abuse of its financial system in response to queries on offshore vehicles, prompted by the rapidly expanding global scandal linked to offshore dealings by Panama law firm Mossack Fonseca which also has an office in Singapore. Read More
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