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14min chapter
867. News: Mastercard makes typing your credit card info a thing of the past whilst Apple unveils new fintech features at WWDC
Fintech Insider Podcast by 11:FS
Money Laundering Scandal in Singapore
The chapter delves into a significant money laundering scandal in Singapore involving over 3 billion Singapore dollars and ten Chinese nationals convicted for money laundering. It explores how financial institutions like Citi and DBS are enhancing their vetting processes to combat money laundering, the impact on Singapore's reputation as a tax haven, and the challenges faced by organizations in detecting and preventing fraudulent activities. Discussions also focus on potential actions by the Monetary Authority of Singapore, lenient sentencing for money laundering offenses, and initiatives like US Bank and Greenlight's collaboration to promote financial literacy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode