Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime, Financial Services

NEWS: Singapore hands down 10th and final conviction in $2.2 billion anti-money laundering case

AML: Banks had higher exposure to money laundering threats and could be more easily exploited due to the sheer volume of transactions they handle and their exposure to customers from high-risk jurisdictions, the home affairs ministry, the central bank and the finance ministry said in a statement.

Dubai property broker Su Jianfeng has been sentenced to 17 months in jail in Singapore, the last of 10 foreigners arrested last year in an anti-money laundering blitz to be convicted.

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