Trading news

Singapore's central bank on money laundering

Singapore's central bank aims to implement measures for controlling money laundering in the nation, taking actions against banks which are handling financials in an illegal and misleading manner.

Singapore's reputation negatively affected

According to the Monetary Authority of Singapore managing director, Ravi Menon, the recent findings influenced the reputation of the Singaporean banking system, the most, but everyone is determined to take actions and resolve this issue as soon as possible.

Menon highlighted further that, the central bank performs investigations against all financial institutions or organizations that came across with money laundering acts.

Moreover, Ravi Menon's comments came after the Singaporean authorities announced seizing assets worth S$240 million of 1MDB-related fund flows amid an investigation.

Read More

Monday, 25 Jul, 2016 / 10:35

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/singapore-s-central-bank-on-money-laundering

Trading news

 

Will the ECB disturb the waters?

· ECB unlikely to rock euro – resilient economy vs higher yields [...]

Posted on Thursday, 22 Apr, 2021 / 9:50 under

VERIZON SHARES SLIDE EVEN AFTER UPBEAT PROFIT

Verizon reported a strong start to the year, with a solid operational [...]

Posted on Thursday, 22 Apr, 2021 / 8:06 under

Can the Bank of Canada pull off a ‘cautious’ tapering?

· Bank of Canada likely to scale down its vast QE program today [...]

Posted on Wednesday, 21 Apr, 2021 / 9:16 under