The Monetary Authority of Singapore announced its decision to direct Wirecard SG to cease its operation in Singapore.
The Monetary Authority of Singapore joined Finance Ministers of the Association of Southeast Asian Nations and several central bank governors in releasing a communique following a virtual meeting with member nations’ central bank governors.
Somali money-transfer firms moved millions for weapons traffickers, U.S. officials blacklist Russian hackers, and more, in this week’s roundup.
OFAC to blacklist Lebanese politicians following Beirut explosion, Singapore arrests purported trustee for Wirecard’s fake accounts, and more, in the midweek roundup.
The Monetary Authority of Singapore announced that Goldman Sachs Singapore Pte, the Singapore-based entity of Goldman Sachs Group Inc. will pay a $122 million fine and $61 million in disgorgement to settle its involvement in the 1MDB scandal.
The Monetary Authority of Singapore revoked the Capital Markets Services License of the Singapore-based investment firm for its failure to comply with anti-money laundering and counterterrorist financing responsibilities.
|Compliant : 20||High :|
|Largely Compliant : 17||Substantial : 4|
|Partially Compliant : 3||Moderate : 6|
|Non-Compliant : 0||Low : 1|
Singapore's technical compliance was re-rated in a Nov. 18, 2019 follow-up report
|Rank : 95/125|
|Score : 4.58/10|
|Rank : 4/180|
|Score : 85/100|
|Rank : 5/133|
|Score : 65/100|