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Now it's exerting greater scrutiny after a $2.2 billion money laundering scandal. ... one of the suspects in the S$2.8 billion money-laundering case, in Singapore, on Wednesday, Oct. 25, 2023 ...
SINGAPORE (Reuters) -A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such ...
The chief executive of Australia's Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was "not a major ...
It is the biggest money laundering case in Singapore, and among the biggest in the world, [2] involving assets worth 3 billion Singapore dollars. [ 3 ] Initially, only 1 billion Singapore dollars worth of assets was either seized, frozen or issued prohibition of disposal orders although the value of assets involved would later balloon to 3 ...
SINGAPORE (Reuters) -A defendant in Singapore's biggest-ever money laundering case was sentenced to 13 months in prison on Tuesday, the first conviction for an investigation that grabbed headlines ...
Pressure mounted on the chief executive of Westpac Banking Corp on Thursday over the handling of Australia's biggest money laundering scandal, with the prime minister saying the bank's board ...
SINGAPORE (Reuters) -Assets seized in Singapore's biggest money laundering case have risen to more than S$3 billion ($2.24 billion) from S$2.8 billion in October, Singapore's Business Times ...
According to Australian regulators, Westpac had 23 million anti-money laundering law violations, which is Australia's biggest ever anti-money laundering scandal to date. [58] On 24 September 2020, Westpac and AUSTRAC agreed to a $1.3 billion penalty over Westpac's breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.