cosmicwanderer1
@cosmicwanderer1
Singapore’s central bank (MAS) fined nine banks, including UBS and Citi, S$27.5 million ($21.5M) for lapses in a major money laundering case. The bust involved a "Fujian gang" of 10, with seized assets like cash, luxury homes, and crypto. UBS’s former Credit Suisse unit got the highest penalty—S$5.8M—for weak anti-money laundering controls.
0 reply
0 recast
0 reaction