Singapore has fined nine financial companies, including UBS and Citigroup, $ 27.5 million Singapore (21.5 million dollars) After investigating the largest money laundering scandal, which included the seizure of assets ranging from luxury real estate to cryptocurrency.
Monetary Authority in Singapore (but) It announced that the local unit of Credit Suisse, which is now part of UBS, has faced the largest penalty of $ 5.8 million Singaporean for money laundering (AML) Controls, Bloomberg I mentioned. Citigroup has also been fined in Singapore due to compliance lapses.
The investigation application will be concluded for two years in 3 billion Singapore ($ 2.2 billion) The case was revealed in 2023.
Ten members of Chinese origin were convicted of a Vagian gang, while two former bankers were charged last year for their involvement.
The authorities have seized criticism, property, advanced goods and cryptocurrencies related to the case. The companies concerned take the treatment steps, and the regulator plans to monitor the progress closely.
