MAS puts private banks on notice with Falcon sanction

Singapore's central bank demonstrated its increased zeal to enforce anti-money laundering laws by revoking Falcon Private Bank's licence and heavily fining DBS and UBS.


Quick Poll

How will you alter your portfolio after the US election result?





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Underweight US
  16%
 
Overweight US
  43%
 
Underweight EMs
  7%
 
Raise cash levels
  20%
 
No change
  14%
TOTAL VOTES: 147
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