Singapore’s financial institutions have stepped up checks on customers, especially those from China, after a massive $2.4 billion laundering scheme was uncovered. According to consultants and bankers, opening an account can now take 3-4 months. This was reported by Finance Times Citing sources.
“The Monetary Authority of Singapore is taking this matter seriously. We are carrying out regulatory inspections of relevant financial institutions,” he said.
According to the regulator, banks are carefully examining documents not only of Chinese citizens but also of other countries involved in the latest investigation, including Vanuatu, Turkey and Cyprus. “If you have a passport from China or from countries whose citizens are participating in the program, then you are at risk,” one of the consultants said.
In August, Singapore police arrested 10 suspects on charges of laundering $2.4 billion. Banks, jewelry companies and other organizations participated in the investigation.
Nabiullina in mid-September appreciated Proposal to limit ruble transfers abroad.
Previously in Russia in the name Apply symmetrical sanctions against the West.