Singapore Imposes Landmark Fine on Jewellery Store for Anti-Money Laundering Breaches
Singapore Jewellery Store Fined $35,000 for Anti-Money Laundering Lapses In a landmark case, a jewellery store in Singapore has been fined $35,000 for failing to conduct mandatory background checks on its customers, a critical measure designed to prevent money laundering activities. This is the first instance of its kind in Singapore, highlighting the growing emphasis … Read more