Regulatory Insights

  • Regulatory Update - MAS Imposes Composition Penalty of S$1 million on Bank J. Safra Sarasin Ltd Singapore Branch (April 2021)

    On 14 April 2021, the MAS imposed a composition penalty of SGD1 million on Bank J. Safra Sarasin Ltd., Singapore Branch, for failing to comply with the AML/CFT requirements.

    For our full regulatory update on this, please click here.