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UBS, Citi Among Banks Punished in Singapore Laundering Saga

Markets

Gabrielle Ng, David Ramli, Chanyaporn Chanjaroen

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July 4, 2025

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Bloomberg

Singapore imposed S$27.5 million ($21.5 million) in penalties on nine financial firms, including a few of the world’s biggest banks, for lapses related to the city’s largest money laundering case.

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