Monetary authority of Singapore: ‘New phase in financial regulation calls for tech-savvy, collaborative central banks’
21st April 2017
Monetary authority of Singapore: ‘New phase in financial regulation calls for tech-savvy, collaborative central banks’
Nine years on from the 2008 financial crisis, regulators are now entering a new phase, one that requires them to take stock of the reforms implemented so far and position themselves for the technological changes sweeping the financial industry, said Monetary Authority of Singapore managing director Ravi Menon. Mr Menon,… Read More
Singapore adopts ISO 37001
19th April 2017
Singapore adopts ISO 37001
Last week Singapore announced that it has adopted the ISO 37001 Anti-Bribery Systems Management Standard to help companies there implement and manage anti-bribery best practices. Singapore’s adoption of ISO 37001 comes shortly after Peru, which formally adopted the Standard on April 4, becoming the first Latin American country to do… Read More
The 9 countries best at fighting corruption
17th January 2017
The 9 countries best at fighting corruption
The World Economic Forum has released its 2017 "Inclusive Growth and Development Report" — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible. Read More
Australia: Banker caught up in Malaysian 1MDB scandal went on $8.2m Gold Coast property splurge
13th January 2017
Australia: Banker caught up in Malaysian 1MDB scandal went on $8.2m Gold Coast property splurge
Yeo Jiawei, accused of money laundering, used a Seychelles-based company for a series of purchases in the Australian tourist town. Read More
Singapore convicts banker in 1MDB case
21st December 2016
Singapore convicts banker in 1MDB case
A Singapore banker has been convicted for his role in moving money that had originated from Malaysian state investment fund 1MDB. Read More
How the Senate bill plans to plug money laundering loopholes
13th December 2016
How the Senate bill plans to plug money laundering loopholes
The Senate is giving more teeth to the Anti-Money Laundering Act (AMLA) by amending its current provisions to include casino operators and junket operators among the covered institutions of the law. Read More
Singapore: employment scam mastermind given 42 months’ jail
7th December 2016
Singapore: employment scam mastermind given 42 months’ jail
The mastermind of an employment scam was on Tuesday (Dec 6) sentenced to 42 weeks jail in total, the Ministry of Manpower said in a press release on Wednesday. Read More
MAS fines StanChart, Coutts for anti-money laundering breaches from 1MDB probe
2nd December 2016
MAS fines StanChart, Coutts for anti-money laundering breaches from 1MDB probe
Standard Chartered Singapore and Coutts & Co were on Friday (Dec 2) fined S$5.2 million and S$2.4 million, respectively, by the Monetary Authority of Singapore for breaches of anti-money laundering (AML) requirements that occurred in the context of 1MDB-related fund flows. Read More
Navigating the new anti-money laundering normal
24th November 2016
Navigating the new anti-money laundering normal
A series of recent news events have highlighted the continued focus of global regulators on money laundering and compliance failures at international financial institutions. Read More
Embraer deal: India’s enforcement directorate registers money laundering case
16th November 2016
Embraer deal: India’s enforcement directorate registers money laundering case
After India's Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) has now registered a money laundering case to probe the alleged payment of USD 5.7 million kickbacks in the 2008 Embraer aircraft deal. Read More
Popular

OFAC Cites Claims that Oleg Deripaska Laundered Money for Putin: FT

UK drug barons ditch banks for money service businesses

EU Moves to Add Cayman Islands to Tax Haven Blacklist: FT

Cyprus, Portugal among states rebuked by EU over delays in money-laundering reforms

Cyprus ‘golden passports’ scheme a laundering risk: Moneyval

Must Read

OFAC Cites Claims that Oleg Deripaska Laundered Money for Putin: FT

Irregularities Found at Pakistan’s Top Bank After U.S. Sanction

Turkey to oppose Pakistan blacklisting at anti-terrorism finance meet

Ukraine: Unpunished Bank Fraud

The emperor has no clothes: the scams and swindles driving up art prices