The Monetary Authority of Singapore (MAS) has imposed S$27.45 million (US$21.55 million) in penalties on nine financial institutions (including Credit Suisse Singapore Branch ($5.8m), United Overseas Bank ($5.6m), UBS Singapore Branch ($3m), Citi Singapore ($2.6m), Bank Julius Baer Singapore ($2.4m), and LGT Bank Singapore ($1m) for breaches related to the 2023 money laundering case.

MAS - Monetary Authority of Singapore

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Published on Jul. 4th, 2025 Published on Jul. 4th, 2025

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