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Regulation

Banking Giant Committed Violations for 7 Years, Now Faces Punishment

Hong Kong's monetary authority fined DBS Bank for anti-money laundering compliance failures.
The bank's lapses included inadequate monitoring of high-risk customers.

Monday, 08/07/2024 | 12:36 GMT by Damian Chmiel

Institutional FX

Singapore Fines Banks, Insurer $2.8M for Breaches Linked to Wirecard Case

MAS said the financial institutions had inadequate anti-money laundering controls.
Wirecard was a German payments firm that collapsed in 2020.

Wednesday, 21/06/2023 | 17:00 GMT by Jared Kirui

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