Singapore fines StanChart for money laundering breaches

HFA Padded
AFP
Published on

Two units of Standard Chartered Bank were fined in Singapore Monday a total of US$4.9million for breaches of the city-state’s law against money laundering and terrorism financing. The Monetary Authority of Singapore (MAS) slapped the British lender’s Singapore branch with a fine of Sg$5.2 million and its local trust unit Sg$1.2 million. MAS, Singapore’s central bank,…



HFA Padded

These article are syndicated from AFP via Repost.US and is posted here with permission. Copyright 2013 AFP. All Rights Reserved

Leave a Comment