Anti-Financial Crime & Financial Crime Compliance
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LATEST: Singapore wealth manager Swiss-Asia Financial Services hit with $2.5M fine for AML breaches

By PAUL O’DONOGHUE, Senior Correspondent WEALTH and fund management company Swiss-Asia Financial Services (SAFS) has been hit with a penalty of S$2.5 million (€1.7 million) for AML breaches. In a statement, the Monetary Authority of Singapore (MAS) said it also issued a reprimand to Olivier Pascal Mivelaz and Steve Knab, respectively the chief executive and…

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