Singapore’s financial regulator imposed penalties amounting to a total of S$3.8 million ($2.8 million) on four financial institutions for breaches related to the Wirecard AG scandal. DBS Group ...
MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements
Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.
UBS upgrades DBS to a buy for these reasons
The report cites four reasons four reasons for the upgrade. First, higher for longer Federal Reserve rates could mark a bottom in earnings downgrade. In fact UBS believes there could be a potential ...
MAS fines DBS, OCBC, Citi, Swiss Life for ‘inadequate controls’ uncovered in Wirecard investigations
THE Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$3.8 million on DBS, OCBC, Citibank and insurer Swiss Life (Singapore) for breaching its anti-money laundering ...
DBS, OCBC, Citibank and Swiss Life fined a total of $3.8m for breaches linked to Wirecard saga: MAS
The penalty comes a day after two former employees of Wirecard Asia were jailed for helping their superior embezzle funds from a subsidiary of the German payments giant. Read more at straitstimes.com.
Singapore: Dark clouds loom over economic outlook in Q2 – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest NODX figures in Singapore during May and their impact on economic growth prospects.
Acentrik wins Singapore Business Review Technology Excellence Award 2023 for Best Blockchain Product
Mercedes-Benz Singapore has been awarded the Singapore Business Review Technology Excellence Award in the Blockchain - Automotive Services category for its innovative enterprise product, Acentrik. Now ...
Singapore Star Stock to Shrug Off Price Cap Shock, Analysts Say
Sembcorp Industries Ltd.’s worst one-day drop in three years failed to dent the unanimous support it enjoys from equity analysts amid its climb to successive record highs.
OCBC Investment Research ups Dyna-Mac’s target price to 41.5 cents
OCBC analyst Ada Lim notes that the recent upcycle in the offshore and marine (O&M) sector might be stronger than expected.
Singapore central bank proposes protocols for the use of “Purpose Bound” cryptocurrencies
The central bank of Singapore, the Monetary Authority of Singapore (MAS), has released a white paper opening doors to digital currency usage, in a “Purpose Bound” manner. This implies that the ...
Crypto Exchange Gemini Eyes Asia-Pacific For ‘Next Wave Of Growth’ As US Regulatory Climate Heats Up
In April, Gemini mentioned opening a new crypto derivatives platform offshore The exchange officially launched its Europe's headquarters in May Gemini's expansion in the Asia-Pacific will take place ...
I couldn’t get tickets to any of Coldplay’s Singapore shows. Here’s why I think they kept selling out
CNA Lifestyle's Hazeeq Sukri is gutted. This is his attempt to cope with the heartbreak of not being able to watch any of the six Coldplay shows live.
Singapore Defends Climate Commitment After Kempen ESG Exclusion
The government of Singapore has defended its commitment to climate action following a decision by Van Lanschot Kempen NV to exclude the country from its portfolio, after it failed an updated ESG test used by the wealth manager to screen for environmental risks.
7 Best Credit Cards in Singapore for Overseas Spending (2023)
So you’ve been saving up your annual leave and spending every hour searching for cheap air tickets online. And now, it’s time to embark on a well-deserved overseas holiday. But before you blow the ...
JPMorgan, DBS, Temasek bet big on Asia’s blockchain race
Some of the world's largest financial institutions, like JPMorgan Chase, Singapore's DBS Bank and Temasek Holdings, have joined forces with regulators in the Asian finance hub to develop a safer and ...
2 arrested, more than 2,000 cartons of duty-unpaid cigarettes seized by Singapore Customs
Those found guilty of duty-unpaid offences can be jailed for 6 years and fined up to 40 times of duty and GST evaded. Read more at straitstimes.com.