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News / Singapore Banks Investigate Rich Clients After A $3 Billion Money Laundering Case

Singapore Banks Investigate Rich Clients After A $3 Billion Money Laundering Case

Ten guilty people had money in over a dozen different companies that’s why bankers are focusing on regular training to find red flags in customers.

08 min read

Citigroup, DBS Group Holdings, and other banks involved in Singapore’s biggest money-laundering case are now intensifying their customer diligence process, paying much attention to their rich customers and potential clients to avoid repeating such cases.

Employees at several private banks are also receiving advanced training to help them identify the tricks used by