Singapore Central Bank News
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An Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018, a media report said today.
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Singapore`s central bank has fined Credit Suisse and United Overseas Bank (UOB) a total of S$1.6 million ($1.2 million) for breaching anti-money laundering rules in transactions related to Malaysia`s scandal-ridden state fund 1MDB.
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Singapore`s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB.
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