MAS Imposes Composition Penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch for AML/CFT Failures
MAS has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch for its failures to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.