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

 

USD Acts as Safe Haven Asset

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex   While the Chinese [...]

Posted on Monday, 27 Jan, 2020 / 10:21 under

Why has Gold gone cold?

By Giles Coghlan, Chief Currency Analyst at HYCM Gold’s been under the [...]

Posted on Monday, 27 Jan, 2020 / 8:52 under

Why oil falls in ‘risk-off’ markets

By Giles Coghlan, Chief Currency Analyst at HYCM Use this in your trading [...]

Posted on Monday, 27 Jan, 2020 / 8:49 under