Wealth and Asset Management
Standard Chartered and UBS assets seized in Singapore fraud case after ‘control failings’
Singapore vowed to take action against four banks for failures in anti-money laundering controls and said it seized S$240 million (£133 million) in assets linked to alleged fraud at the Malaysian state investment company known as 1MDB. Preliminary findings uncovered “instances of control failings” at UBS Group’s Singapore branch, Standard…
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Click here to read the full story: Independent UK