Singapore Slams Banks, Crypto as $3B Money Laundering Scandal Ends

The post Singapore Slams Banks, Crypto as $3B Money Laundering Scandal Ends appeared first on Coinpedia Fintech News

In one of the biggest financial enforcement moves in its history, Singapore has fined nine major financial institutions a total of S$27.5 million (US$21.5 million) for failures in anti-money laundering (AML) controls. This comes in the final chapter of a S$3 billion money laundering scandal that rocked the city-state in 2023. The Monetary Authority of …