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22 hours ago · HONG KONG — The Hong Kong Monetary Authority (HKMA) fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday.The HKMA said the bank failed to "continuously monitor business relationships and conduct enhanced due diligence in high risk situations" over a seven-year period.
1 day ago · Hong Kong fines DBS Bank $1.3 M in money laundering scandal. By: Diya Poddar. on Jul 5, 2024. Listen. HKMA fines DBS Hong Kong HK$10 million for AML breaches over seven years. Failures included ...
1 day ago · July 5, 2024 20:14 JST. HONG KONG/SINGAPORE (Reuters) -- The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking ...
1 day ago · The Hong Kong Monetary Authority (HKMA) has fined DBS Bank (Hong Kong) HK$10 million (US$1.28 million) for breaching anti-money-laundering and counterterrorist financing rules. The penalty comes ...
5 days ago · DBS selected as primary banking partner for cash management and custody of stablecoin reserves. SINGAPORE – July 1, 2024 – Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer ...
1 day ago · July 5, 2024 at 3:32 AM PDT. Listen. 2:04. DBS Group Holdings Ltd.’s Hong Kong unit was fined HK$10 million ($1.28 million) by the city’s regulator for lapses in adhering to anti-money ...
1 day ago · DBS (SGX:D05)'s latest announcements on earnings, buybacks, dividends, insiders trades, media releases, AGM, EGM, response to queries via SGX.
