DBS targets 30% fewer corporate cheque payments by 2020

SINGAPORE - DBS Bank announced on Thursday (April 5) it will help its corporate clients reduce their cheque use by 30 per cent from current levels within the next two years, in a bid to help them keep pace with the increasing popularity of digital payments ... ( read original story ...)

Singapore Stock Market May Find Traction On Thursday

The Singapore stock market has finished lower in consecutive trading days, tumbling more than 90 points or 2.7 percent along the way. The Straits Times index now rests just beneath the 3,340-point plateau although it figures to snap the losing streak on ... ( read original story ...)

Singapore fines Standard Chartered Bank, Trust

The Monetary Authority of Singapore (MAS) announced on March 19 it has imposed fines of 5.2 million SGD (about 3.95 million USD) on the Singapore branch of Standard Chartered Bank (SCBS), and 1.2 million SGD (about 910,000 million USD) on Standard ... ( read original story ...)

Standard Chartered hit by fine for money laundering breaches

Standard Chartered has been fined by regulators in Singapore for breaking money laundering and terrorism financing rules. The bank has been fined a total of 6.4m Singaporean dollars (£3.5m) by regulator the Monetary Authority of Singapore (MAS). ( read original story ...)

StanChart fined in Singapore for money laundering breaches

HONG KONG: Standard Chartered Plc units were fined S$6.4mil (US$4.9mil) for failing to meet Singapore’s anti-money laundering requirements, less than two years after it was punished for a similar breach in the city-state. The lender’s Singapore branch ... ( read original story ...)