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 ...
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 ...
Determined to respond to financial crime risks: Singapore PM Wong
Singapore published a national asset recovery strategy report as part of its efforts to enhance its anti-money laundering ...
Singapore’s anti-money laundering efforts led to seizure of S$6bil in criminal proceeds since 2019
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 unveils asset recovery strategy to protect its financial crown jewel
The city state is determined to combat money laundering and terrorism financing to safeguard its reputation, PM Lawrence Wong said.
Lessons from S$3b money laundering case will strengthen Singapore’s approach to tackling threat: PM Wong
In his first comments on the case since it concluded, Mr Wong, who is also Finance Minister, said: “Our approach has enabled us to take quick and strong enforcement action against criminals who try to ...
Changi Business Park, International Business Park ‘hollowing out’ but UOBKH still likes these two S-REITs
Occupancy for Singapore’s business parks has languished, falling 8.0 percentage points to 79.1% over the past three years.