MAS Directs BSI Bank to Shut Down in Singapore
Source: BFW (Bloomberg First Word)
Tickers
MASP SP (Monetary Authority of Singapore)
BBTG11 BZ (BTG Pactual Group)
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UUID: 7947283
(Bloomberg) -- Monetary Authority of Singapore served BSI Bank notice of intention to withdraw its status as merchant bank in Singapore for serious breaches of anti-money laundering requirements, according to e-mailed statement.
Alert: HALISTER1- Breaches also include “poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff”
Source: BFW (Bloomberg First Word)
Tickers
MASP SP (Monetary Authority of Singapore)
BBTG11 BZ (BTG Pactual Group)
To de-activate this alert, click here
UUID: 7947283