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Banks and wealth managers, including Singapore, UBS, Citi and Julius Baer, bumped into a pure reputation of the city-state, the second largest collective penalty banks and wealth managers were hit by banks and wealth managers.
Nine financial institutions were the largest figure in the largest figure in 1MDB, the largest figure, Singapore’s regulator “poor and inappropriate implementation” departments received the greatest number called “poor and inconsistent implementation” $ 2 billion in cash washing scandal.
In Asia, the work of 10 Chinese citizens and island, including the work, golden rods and luxury cars, caused the beliefs of assets.
He threw a shadow SingaporeIt stressed the difficulty of opening the foreign wealth while the leading wealth management center of the obitiary is a leading wealth management and applying serious money laundering.
“Singapore money washes, as other major international financial centers, said,” said Singapore’s assistant to financial control Ho Hern Shin.
MAS will work closely with financial institutions to promote more consistent performance of measures.
The report said that the regulator, financial institutions have found “shortcomings” because of the risks of money laundering risks, the source of money and how their systems are “suspected”.
Since today, since today, the largest single penalty has received the level of $ 5.8 million. UBS S $ 3mn and Citi were shot with S $ 2.6mn.
The regulator also called the names of the united foreign banking and small institutions, including unable to establish a source of wealth of foreign banks and customers.
The United Overseas Bank said that “Ed) accepted and accepted Mas findings (Ed) Mas.
“In the last two years, we have carried out urgent correction measures to resolve the shortcomings, including comprehensive internal review, including operational monitoring and increasing the necessary efforts to our customers,” he said.
The Blue Ocean Investment, which is an active manager, said, “he accepted findings” and “measures to increase domestic policy and procedures.”
“During the examination, we fully cooperated with the MAS and implemented a detailed research plan to eliminate violations,” said Trident Secretary of the Press for Trident.
LGT, Julius baer And UBS, the regulator confessed to the findings and said he worked with the authorities during the investigation.
A spokesperson for Singapore, said that the bank’s “company strengthens grain and monitoring processes and to protect the integrity of the financial system and increase the integrity of the financial system and increase the integrity of financial system and increase the risk of financial criminal proceedings.
Information visualization by HAOHSIG KO
