Singapore Regulator Takes Action against FIs for Serious AML Failings

On 4 July 2025, the Monetary Authority of Singapore (MAS) took enforcement actions against nine financial institutions (FIs) and 18 individuals for violating its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements relating to a major money laundering case in 2023.

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Documentary Credit World.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.