Investment management firm handed S$1.9 million penalty for breaching anti-money laundering requirements

📆 29/10/2024 06:41:00
📰 ChannelNewsAsia

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 66%

Monetary Authority Of Singapore Notícia

Brasil Últimas Notícias,Brasil Manchetes

SINGAPORE: Fund manager Atrium Asia Investment Management has been handed a S$1.9 million (US$1.4 million) penalty over multiple breaches of requirements that safeguard against money laundering and terrorism financing.

A view of the Monetary Authority of Singapore's headquarters in Singapore on Jun 28, 2017. SINGAPORE: Fund manager Atrium Asia Investment Management has been handed a S$1.9 million penalty over multiple breaches of requirements that safeguard against money laundering and terrorism financing.

A reprimand has also been issued to the company's CEO Mintarja Oei for failing to ensure its compliance with the requirements. The firm's key breaches"are attributable to Mr Oei", MAS said. The firm also did not properly assess the money laundering or terrorism financing risks posed by its customers, nor did it implement appropriate risk mitigation measures to address tax-related money laundering risks, MAS said.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Retail investors lose life savings as record defaults hit China’s $1 trillion local debt marketRetail investors struggle to get repaid despite state support.
Fonte: The Straits Times - 🏆 8. / 63 Consulte Mais informação »