Is MAS able to fix the illegal money laundering as promised after 1MDB?
"SINGAPORE, July 25 2016 (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.
“
MAS is determined to fix the problem, working together with the industry. MAS will further strengthen its enforcement capability to conduct rigorous investigations and to take swift and decisive action against errant FIs (financial institutions).”"
https://www.reuters.com/article/malaysia....%E2%80%9D
..
Singapore's reputation as one of largest global financial centre is not as clean as Singapore image.
"Singapore's government has announced that Ravi Menon will step down as the country's central bank head at the end of December, to be replaced by a long-serving official.
4 Sept 2023"
cannot why
we dealing with quadtrillions of derivatives
Quad=1000T world GDP abt 90T ball park fiqure.
system description:
an upside down credit pyramid
from the outside dat what it looks like
internally it is 'boiling water' some moving upwards some downwards
as the sunset shadow dat derivatives grow longer and longer
andTHEN poops GONE
.
Dreaming ZZzzz Leaving doors wide open and collecting multi millions from taxpayers, suddenly, strikes ToTo $1.3 billions.
Excellent good job.
Dirty money floating around propped up our private properties sky high.
I hope those dirty property agents in cahoots go to jail
(17-09-2023, 08:15 AM)p1acebo Wrote: [ -> ]Dirty money floating around propped up our private properties sky high.
I hope those dirty property agents in cahoots go to jail
A lot of bankers involved
(17-09-2023, 07:15 PM)Scythian Wrote: [ -> ]A lot of bankers involved
heard " rumours got top bankers inside various banks been investigated " just that mainstream media never report.
again " image purpose , control by PAP so call state media ... "
MAS is not a fixer it does not run bankijg operations.
If want to catch it will involve many banks.
(17-09-2023, 07:26 PM)Cmpunk Wrote: [ -> ]If want to catch it will involve many banks.
Mainstream only mention the bank name but never directly claim " got banker been investigate "
Singapore does not create those quadtrillions of derivatives
not right just point finger only at Singapore.
my only concern is TOX pakTOX chanChanKong chanchanPak mati canSir
In such a mess WTO now force China to reveal the origin of covid19.
normally in such situation the more u say the more the suffering
can only say You win lah.
WE KNEW long time ago the poisoning was RADIATION.
[[ForeverAlone]] dateline='[url=tel:1694949537' Wrote: [ -> ]1694949537[/url]']
heard " rumours got top bankers inside various banks been investigated " just that mainstream media never report.
again " image purpose , control by PAP so call state media ... "
Media are tight tongued. Since when they can be trusted. Like Tommy Koh hv said, he reminded reporters not to change his version of speech.
(17-09-2023, 07:18 PM)[[ForeverAlone]] Wrote: [ -> ]heard " rumours got top bankers inside various banks been investigated " just that mainstream media never report.
again " image purpose , control by PAP so call state media ... "
In 1MDB money laundering, 10 banks involved including 2 local banks.
2 Swiss banks closed down and 4 bankers went to jail.
MAS imposed fine and collected millions from all those banks involved.
[[ForeverAlone]] dateline='[url=tel:1694950137' Wrote: [ -> ]1694950137[/url]']
Mainstream only mention the bank name but never directly claim " got banker been investigate "
Bankers cannot anyhow jump ships now
.
If MAS taking 1MDB and possibly 3AC into consideration, this isn't the second money laundering in Singapore involved mega illegal $$$ washing.
Presumably, MAS was sleeping on the job.