Four Financial Institutions in Singapore Hit With Fines for Activity Related to Wirecard ‘Scandal’

Singapore-based regulator, the Monetary Authority of Singapore (MAS), has fined four companies – totalling S$3.8million in total. Citibank, DBS Bank, OCBC and insurance provider Swiss Life (Singapore) were found guilty of breaching MAS’ Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements. All of the financial institutions (FIs) involved have accepted the penalties […]

Vintage Vaults Aims to Bring Safety Deposit Services ‘Into the 21st Century’ in Dubai

The UAE has gained a reputation in recent years for attracting a growing number of affluent individuals, boosting the investment industry in the region. In response, two Dubai-based entrepreneurs have launched a new service, Vintage Vaults, to protect individuals’ valuable possessions and financial assets. The new Vintage Vaults service offers seven different sizes of premium […]