DBS Group Holdings’ Hong Kong unit was fined HK$10 million ($1.73 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.
S$30,000 love scam & S$10,000 debt: How these OCBC staff prevent customers from falling victim to scams and help with challenging bank issues
Another incident that stood out to Loke was an elderly lady trapped in a love scam. The woman came in for help to transfer S$30,000 to her “boyfriend” she met on Facebook messenger. “She was very ...
Is Investing in Gold Bullion and Using Safe Deposit Boxes in Singapore Worth It?
Investing in gold bullion and securing it in secure storage vaults in Singapore has become a consideration for building diversified investment portfolios that can hedge against market volatility and ...
Three tips to avoid buying unsuitable investment products
You should view all your investments seriously as your effort will determine whether you can have a good retirement. Read more at straitstimes.com.
Outstanding banking and finance industry champions crowned at Asian Banking & Finance Awards 2024
Wholesale Banking Awards, Retail Banking Awards, Corporate and Investment Banking Awards, and the inaugural FinTech Awards recognised the industry's top performers for their innovation, dedication, ...
HK fines DBS Bank $1.3M for money laundering breaches
HONG KONG ― The Hong Kong Monetary Authority (HKMA) fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said ...
S’pore draws just one IPO, Malaysia leads South-east Asia listings in first half of 2024
Singapore Institute of Advanced Medicine's US$20m is the smallest amount from an IPO in the region this year. Read more at straitstimes.com.
Hong Kong fines DBS Bank $1.3 M in money laundering scandal
The Hong Kong Monetary Authority has fined DBS Hong Kong HK$10 million for multiple breaches of anti-money laundering laws over a seven-year period.
Singapore to waive registration fee for short-term EV charger use
THE Singapore government is reducing the regulatory burden and lowering costs for businesses by making the application process for licences and regulatory approvals faster and better, said Minister ...
S’pore draws just one IPO, Malaysia leads Southeast Asia listings in first half of 2024
making Singapore the worst-performing market in South-east Asia for initial public offerings (IPO). The dismal result came in spite of intensified efforts to revitalise the Singapore Exchange (SGX), ...
Hong Kong fines DBS Bank $1.3 million for money-laundering breaches
The Hong Kong Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday. The HKMA ...
DBS fined by Hong Kong for violating anti-money laundering rules
DBS Group Holdings was fined HK$10 million (S$1.72 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations. Read more at The ...
Hong Kong fines DBS over breaching anti-money laundering rules
HONG KONG/SINGAPORE, July 5 (Reuters) - The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking regulator for violating ...
4 Reliable Singapore Dividend Stocks That I Never Intend to Sell
Singapore Exchange Limited ... VICOM’s final dividend was reduced from S$0.0332 to S$0.0275 as the group needed to retain cash for a major investment in a new test and inspection centre at Jalan Papan ...
Foxconn plans to invest up to $551mn more in Vietnam as it continue to moves away from China
Foxconn Singapore has been granted a license to invest $551 million in two significant projects aimed at producing smart entertainment products and smart-system equipment in Vietnam’s northern provinc ...
More than 9,800 potential scam victims alerted in joint operation between S’pore police and six banks
SINGAPORE: The police’s Anti-Scam Centre (ASC ... In a statement on Friday (July 5), the police said it partnered with DBS Bank, UOB Bank, OCBC Bank, Standard Chartered Bank, HSBC Bank, and GXS Bank ...