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Singapore’s MAS imposes over $20m in penalties for AML and market abuse violations

A man makes a phone call in Singapore
Photo: Getty Images

Martina Lindberg

3 min read
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Watchdog shows teeth with robust actions resulting in 39 criminal convictions.

More than $20m in penalties was recorded by the Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority announced in its new 4th Enforcement Report for the period January 2022 to June 2023.

The report details robust action in cases including some with links to the Wirecard saga,

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