[Scythian]

Su Haijin money laundering exposed a Banking crisis but today, Su Haijin's photo delivered a catastrophe .

Singapore is not only sick but very sick.

Recorded Extremely High Temperature

[Scythian]

Credit Suisse, now owned by UBS Group AG, and Citigroup Inc held the largest amounts on deposit so far for the convicted, according to court filings reviewed by Bloomberg. Others with significant exposure include the country’s three largest banks: DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United Overseas Bank Ltd.

For decades, Singapore has taken steps to attract the uber rich, spawning a finance industry that’s made it one of the wealthiest countries. The surprise sting operation to take down the online gambling ring last year prompted a rethink, amid signs dirty money is joining legitimate businesses."
https://www.afr.com/world/asia/the-banks...businesses.

[Scythian]

The China-born individuals and their close associates, together with companies they controlled, held more than $S370 million in total at over a dozen financial institutions, court records compiled by Bloomberg show.

DBS for example, said previously it has about $S100 million of exposure to the scandal, mainly from financing properties.

Spokespeople for banks that held assets of the launderers - Standard Chartered Plc, DBS, UBS, RHB Bank Bhd, Julius Baer Group Ltd, Malayan Banking Bhd, LGT Bank AG and CIMB Group Holdings Bhd - declined to comment. OCBC, which also owns Bank of Singapore, a private bank, said it had nothing further to add to past comments on the case

[Scythian]

"The incumbent managing director of Singapore’s chief financial regulator, the Monetary Authority of Singapore (MAS), has announced his retirement from the organisation and Singapore’s public service.

Ravi Menon, who has served as MAS chief for more than a decade, will retire from his duties at the regulator effective 1 January 2024."
https://fst.net.au/asia-financial-servic...ary%202024.

[Scythian]

1MDB-linked findings have dented Singapore's reputation-c.bank
By Reuters
July 25, 20163:00 PM GMT+10Updated 9 years ago

SINGAPORE, July 25 (Reuters) - Singapore's central bank said on Monday the recent findings in a money laundering probe linked to Malaysian state fund 1MDB had dented the city-state's reputation as a clean and trusted financial centre.

"There is no doubt that the recent findings have made a dent in our reputation as a clean and trusted financial centre," Ravi Menon, managing director of the Monetary Authority of Singapore, said at its annual news conference."
https://www.reuters.com/article/world/af...reputation

[Scythian]

Singapore sentences ex-BSI banker to more jail time in 1MDB linked case

July 13, 201712:26 PM GMT+10Updated 8 years ago


SINGAPORE (Reuters) - A Singapore court jailed a former wealth manager of Swiss bank BSI for 4-1/2 years on Wednesday for money laundering and cheating in a case linked to investigations into the siphoning off of billions of dollars from Malaysian sovereign fund 1MDB."
https://www.reuters.com/article/world/si...und%201MDB.

[Jinwului]

Su Haijin money laundering exposed a Banking crisis but today, Su Haijin's photo delivered a catastrophe .

Singapore is not only sick but very sick.

Recorded Extremely High Temperature

run before these pigs sink the entire ship

[Cmpunk]

If they didn’t meet them than the money laundering case will not happened.

[Scythian]

If they didn’t meet them than the money laundering case will not happened.

Believe it or not, Singapore is the richest country in Asia.

All the professional chess players in Chess Tournament

All closely watching each others moves and strategies