Topic

Mas Aml Enforcement 2024

2 articles from the OM Industries desk.

a blue sign on a white wall stating restricted area authorized personnel only

MAS Fines 9 Financial Institutions S$27.45 Million for AML Breaches Linked to 2023 Money Laundering Case

The Monetary Authority of Singapore concluded its enforcement actions against institutions with nexus to a major money laundering case, imposing penalties ranging from S$1 million to S$5.8 million.

By Lucia FerrariNovember 8, 20254 min read

Mas Aml Enforcement 2024

MAS Fines Nine FIs S$27.45M for AML Breaches in 2024, Signaling Heightened Enforcement

Penalties arise from examinations linked to the S$3 billion money laundering case of August 2023; Credit Suisse and UOB bear the largest fines.

By Marcus TanSeptember 18, 20255 min read