Singapore, 30 September 2025… On 4 July 2025, the Monetary Authority of Singapore (MAS) announced the actions taken against nine financial institutions and their employees for anti-money laundering related breaches in connection to the major money laundering case of August 2023.

2             Following the conclusion of investigation, MAS has issued a reprimand to Ms He Shuang, Elaine, a former relationship manager of Credit Suisse Singapore Branch, for her failures to conduct proper due diligence in respect of several persons of interest.

3 A reprimand is issued to an individual based on their misconduct at the material time. For the purpose of assessing an individual’s fitness and propriety for employment, a reprimand does not necessarily mean that the individual is currently unfit or improper.