HALISTER1: UOB Imposes Measures to Address Areas of Concern After Penalty

UOB Imposes Measures to Address Areas of Concern After Penalty

(Bloomberg) -- Singapore bank accepts findings by Monetary Authority of Singapore, UOB says in statement.
  • UOB will continue to build upon anti-money laundering policies, processes and practices to strengthen bank’s ability to combat threats posed by those seeking to abuse banking system
  • Profits associated with lapses will be donated to charity
  • NOTE: Singapore Penalizes Credit Suisse, UOB After 1MDB- Linked Probe Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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MASP SP (Monetary Authority of Singapore)

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