HALISTER1: Singapore Police, MAS Partner Banks to Fight Money Laundering

Singapore Police, MAS Partner Banks to Fight Money Laundering

(Bloomberg) -- Major banks in Singapore join the authorities to share key information and help fight crimes, MAS and Singapore Police Force say in emailed statement Monday.
  • MAS and Police’s unit Commercial Affairs Department started the Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership: release
  • Group to identify, prioritize risk areas relevant to AML, financing of terrorism; to enhance detection and mitigation of transnational risks arising from Singapore’s position as international financial, trade hub: release
  • DBS, OCBC, UOB, StanChart, Citi, HSBC, UBS, BNP Paribas plus Association of Bank in Singapore are steering group members: release

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MASP SP (Monetary Authority of Singapore)
OCBC SP (Oversea-Chinese Banking Corp Ltd)
UOB SP (United Overseas Bank Ltd)
BNP FP (BNP Paribas SA)
C US (Citigroup Inc)

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