Most Read
Most Commented
Read more like this
mk-logo
News
S'pore authority fines banks over 1MDB-related deal
Published:  Dec 2, 2016 9:33 AM
Updated: 7:40 AM

Standard Chartered Bank and Coutts & Co Ltd and their Singapore branches were fined S$5.2 million and S$2.4 million respectively for breaching anti-money laundering (AML) requirements, announced the Monetary Authority of Singapore (MAS).

The breaches occurred in the context of 1MDB-related fund flowing through these banks, said MAS in a statement today.


Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter.

Unlocking Article
Unlocking Article
View Comments
ADS