Authorities in the city-state reported that money laundering activities are increasingly sophisticated and involve large sums, affecting many victims across borders.
Singapore stocks inch up on Wednesday as May factory output beats forecasts
SINGAPORE stocks ended slightly higher on Wednesday (Jun 26), as the city-state’s factory output data beat forecasts in May. Read more at The Business Times.
Singapore seized $6 billion in dirty money since 2019
Singapore has seized S$6 billion ($4.4 billion) linked to criminal and money laundering activities over the past five years, of which about half of these illicit assets were from last year’s record ...
Singapore Says Seized More Than $4 Billion In Dirty Money Since 2019
Last week, financial authorities said the banking sector, including wealth management, was "assessed to pose the highest money laundering risks to Singapore". They added that banks were "more easily ...
Singapore determined to address financial crime risks
Singapore last year busted a $2.24-billion money laundering ring run by foreigners, with the last of 10 offenders sentenced on June 10. Those involved had held money in bank accounts in Singapore and ... ( read original story ...)
The HSBC Revolution Card’s Latest Nerf—Bye Bye 10X Points on Contactless Payments and Travel Spend (MoneySmart Review 2024)
Uh oh. We have another nerf. The HSBC Revolution Card has been a favourite among Singapore credit card users for letting you earn HSBC rewards points for online and contactless transactions. That ...
Standard Chartered expands global DPM team, adds to fixed income capability
Standard Chartered (“the Bank”) has announced the addition of four specialists to its global team based in Singapore to deepen its Discretionary Portfolio Management (DPM) and Chief Investment Office ...
H2 2024 Outlook: Adapting to shifting winds
Wealth Solutions Chief Investment Office (CIO) has released its Global Market Outlook for the second half (H2) of 2024, providing its investment strategy and key themes for navigating global markets.
OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside
Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents.
Singapore stocks inch up on June 26 as May factory output beats forecasts
SINGAPORE – Investors latched on to news that Singapore’s factory output beat forecasts in May to nudge local shares higher on June 26. The benchmark Straits Times Index (STI) rose 0.2 per cent or ...
Challenges to Singapore’s semiconductor surge: high costs, limited space and regional rivalries
Singapore is attracting major semiconductor investments, thanks to its strong labor force, advanced research capabilities, and solid manufacturing infrastructure.
Its advantage Singapore over Cayman Islands under new RBI rules
Singapore is set to emerge as the preferred jurisdiction over the current favourite Cayman Islands for outward remittances following the recent relaxation in rules by the Reserve Bank of India (RBI), ...
Asset recovery a priority in Singapore’s national anti-money laundering regime: PM Wong
said the Finance and Home Affairs ministries and the Monetary Authority of Singapore in a joint statement on June 26. The CPC empowers the authorities to order any individual or entity to produce ...
Singapore announces seizing over $4 billion in dirty money since 2019
Prime Minister Lawrence Wong said he was determined to 'safeguard Singapore's reputation as a trusted financial center,' after a dirty money scandal marred the Southeast Asian country's reputation ...
Bybit Surpasses Coinbase to Become the World’s Second-Largest Crypto Exchange by Volume: Kaiko
The Singapore-based crypto exchange Bybit has flipped US-based Coinbase to become the world’s second-largest second-largest crypto exchange.
Singapore factory output beats forecasts with 2.9% rise in May on electronics rebound
SINGAPORE - Singapore’s manufacturing output turned positive ... Within the cluster, the output of the medical technology segment increased 7.8 per cent on account of higher exports of medical devices ...