By Alisha Houlihan for AMLi
The Singapore subsidiary of Citigroup and CIMB Group Holdings are two of the banks affected in a $1billion money laundering case in the city-state.
In raids last week, Bloomberg News saw charge documents indicating that some of the foreign nationals arrested used both lenders between 2020 and 2021.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
