SINGAPORE - A jobless Singaporean who became nominee director of 186 companies here was on Wednesday fined for failing to exercise reasonable diligence in his duty as director, the second person in three days to be taken to task for the offence.
Er, also known as Adrian, was fined $4,000 after he pleaded guilty to one charge of failing to exercise reasonable diligence in his duty as a director. He was also disqualified from being a company director for three years.On Monday, Deputy Public Prosecutor Vincent Ong said Er, who has a business degree, was jobless between April and June 2020 when his landlord introduced him to Chinese national Zheng Jia.Weak link in anti-money laundering efforts is compliance, not family offices: Experts
Despite not knowing the work Atoms Global was involved in, Er did not ask any questions and agreed to the arrangement, said DPP Ong. The company was purportedly involved in the wholesale trade of industrial and construction machinery and equipment. In reality, it was a front for scammers. Some of that money was then transferred to Rui Qi’s USD account, and later to bank accounts in China and Hong Kong over multiple transactions.
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Fonte: straits_times - 🏆 5. / 69 Leggi di più »