3. GOOD HEALTH AND WELL-BEING

Singapore subsidiary of Citigroup affected in billion-dollar raid

2 years ago
by Amanda
2 Views
1 min read
Written by Amanda

By Alisha Houlihan for AMLi

The Singapore subsidiary of Citigroup and CIMB Group Holdings are two of the banks affected in a $1billion money laundering case in the city-state. 

In raids last week, Bloomberg News saw charge documents indicating that some of the foreign nationals arrested used both lenders between 2020 and 2021.

Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

Source: amlintelligence.com

You may also like

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

View all posts