Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Singapore‘s bank regulator Tuesday shut down a second bank for “serious failures in anti-money laundering controls and improper conduct” linked to Malaysia’s 1MDB fund.
Singapore said Thursday it has seized property and bank accounts linked to money allegedly diverted from Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad.
[…] will check to make sure that their compliance and ethics (“C&E”) standards are being followed have existed since the advent of the Federal Sentencing Guidelines for Organizations in 1991. Additionally, only a year later, a U.S. Department of Justice official emphasized the importance of auditing to antitrust compliance, which underscored that checking was expected […]
[…] can’t improve it.” Those pithy quotes launched a thousand quantitative b-school courses. If management is about math, what does that mean for managing compliance? Put another way, can we measure compliance? Well, we can measure elements of compliance programs. And we can use those measurements to make assumptions about compliance itself. Take training. Managers […]
Singapore authorities are banning the former director of Goldman Sachs in Singapore for ten years for his role in the 1MDB scandal.
Singapore’s first Prime Minister, Lee Kuan Yew, passed away on Monday morning.
Myanmar’s opposition leader Aung San Suu Kyi spent the past four days in Singapore, meeting leaders, visiting schools, and putting some distance between herself and the city-state’s model of economic success.
Last week Singapore announced that it has adopted the ISO 37001 Anti-Bribery Systems Management Standard to help companies there implement and manage anti-bribery best practices.
In the wake of the GDPR, data privacy and localization are a top priority for organizations operating in the European Union. However, the data localism trend extends beyond the EU and can have big implications for organizations with cross-border matters and plans for international expansion.
Singapore demonstrates a strong anti-money laundering and counter financing of terrorism (AML/CFT) legislative framework but despite this, it shows significant weaknesses in its effective implementation, according to a recent review by the Financial Action Task Force.
