Singapore monetary authority penalizes 9 banks, institutions for 2023 money laundering case

Singapore monetary authority penalizes 9 banks, institutions for 2023 money laundering case

Buildings in Singapore, on Monday, Feb. 17, 2025. Nicky Loh | Bloomberg | Getty Images The Monetary Authority of Singapore penalised six banks and three other financial institutions a total of S$27.45 million ($21.5 million) on Friday in relation to the country’s biggest ever money laundering scandal in 2023. The case involved more than S$3…

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