This is considered the second largest cumulative penalty imposed by MAS for breaches related to anti-money laundering and ...

Singapore fines 9 financial firms S$27.45M in its biggest-ever money laundering case, exposing S$3B in dirty funds tied to ...

Singapore imposed S$27.5 million ($21.5 million) in penalties on nine financial firms, including a few of the world’s biggest banks, for lapses related to the city’s largest money laundering case.

Singapore hits global banks with $21.5M penalties after uncovering massive illicit finance network ...

SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed S$27.45 million (US$21.55 million) in penalties on nine ...