Dubai is fast emerging as a magnet for global cryptocurrency players as regulatory tightening in Singapore prompts a new wave of digital asset firms to relocate to more business-friendly jurisdictions …
Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines
Singapore hits banks with $21.5M in fines over a $2.2 billion money laundering scandal involving cash, property and crypto …
Foreign investors in Japan avoid $690m in taxes with Singapore loophole
TOKYO — Investors putting money into Japan via Singapore avoided roughly 99 billion yen ($690 million) in Japanese taxes between 2020 and 2022 through a treaty loophole allowing them to double-dip on …
Billions in Blood Money! Singapore’s MAS Fines 9 Financial Giants in Explosive Laundering Crackdown
Singapore fines 9 financial firms S$27.45M in its biggest-ever money laundering case, exposing S$3B in dirty funds tied to luxury buys, scams, and foreign cartels.
Billions in Blood Money! Singapore’s MAS Fines 9 Financial Giants in Explosive Laundering Crackdown
Singapore fines 9 financial firms S$27.45M in its biggest-ever money laundering case, exposing S$3B in dirty funds tied to luxury buys, scams, and foreign cartels.
Singapore regulator fines nine institutions over RM9.95bil money laundering case
The Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$27.45 million on nine financial institutions (FIs) in relation to a S$3 billion (RM9.95 billion) money …
Billion-dollar money laundering case: MAS slaps 9 financial institutions with S$27.45 million in penalties
SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed S$27.45 million (US$21.55 million) in penalties on nine financial institutions for breaches related to the 2023 money laundering case …
MAS issues $27.45m in penalties to 9 financial institutions over $3b money laundering case
The Monetary Authority of Singapore (MAS) issued composition penalties amounting to $27.45 million to nine financial institutions (FIs) for anti-money laundering breaches connected to the $3 billion …
City Developments, UOL Shares Drop After Singapore Tightens Property Curbs
The government has been trying to rein in home prices in the city-state—one of the world’s most expensive property markets.
Higher seller’s stamp duty for Singapore private homes; holding period increased from three to four years
SINGAPORE: Private property owners who sell their homes within four years of the purchase will incur a seller’s stamp duty (SSD) and pay a higher rate, the Ministry of National Development (MND) …