Singapore fines Standard Chartered entities $4.9 million for money laundering breaches

SINGAPORE (Reuters) - Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards.

from Reuters: Business News http://ift.tt/2DCtls8