MAS has imposed total composition penalties of SGD 27.45 million on the nine institutions for failing to meet anti-money laundering and countering the financing of terrorism (AML/CFT) requirements. These penalties were based on the institutions’ exposure to persons of interest, the number of rule breaches, and the weaknesses in their AML/CFT controls.
Category: Singapore
PAP questions WP chief Pritam Singh over Singapore politics talk on Malaysian show
In a video released on YouTube on June 24, he spoke to ‘Keluar Sekejap (come out for a while — if literally translated), a popular Malaysian political podcast hosted by former health minister Khairy Jamaluddin and Shahril Hamdan, previously information chief of United Malays National Organisation.
Singapore stepped up security amid Israel-Iran tensions, says Home Affairs Minister K Shanmugam
The government is concerned that extremist groups could use the regional tensions as an excuse to carry out attacks, either on Western targets such as Israeli or American interests, or on Muslim communities and symbols, depending on the ideology of the attackers.
If it’s Wednesday, it’s a fun walk in Singapore with Pawan Bhargava and Shijo George
Pawan, a full-fledged Singapore citizen and a hiking enthusiast for the past two-and-a-half years, carried Shijo, a Singapore resident for 18 years now, through a 45km walk sometime in March 2024. It was a bond forged through a gruelling endeavour, some despair, much sweating, and a good deal of swearing. From that mission of pain and gain, the group Wednesday Walkers was born in May 2024.
Solar surge and imports push Singapore’s green power to new high
Domestic solar generation in May saw its fastest monthly growth since March 2024, while renewable power imports climbed for the third consecutive month, reaching their highest level in over two years.
Lawrence Wong reaffirms Singapore-China ties in first official visit as Prime Minister
During their meeting, Wong emphasised the importance of maintaining and nurturing the mutual trust and understanding that have long served as the foundation of the Singapore-China relationship.
Singtel unveils global IoT solution With floLIVE and Lenovo Connect partnership
As part of the initiative, Singtel also signed a Memorandum of Understanding with Lenovo Connect, a global wireless service provider, to collaborate on IoT industry cooperation.
Singapore-flagged ship fire partly contained; vessel drifting off Kerala coast
The other positive developments were the vessel’s reduced speed, its offshore trajectory and current position at around 68.5 nautical miles off the Kerala coast, the report said.
Singapore jails Indian woman for theft at Changi Airport, fines another
The sentencing was delivered on Monday, June 16, with one of the women receiving a jail term while the other was fined.
Singapore’s 1880 club shuts abruptly, enters liquidation
Interestingly, Connected to India shot an exclusive interview of cricket icon Steve Waugh at 1880 just last week. Himanshu Verma, CEO and Founder of Connected to India, who was in conversation with the legend, expressed his shock at the recent development.
