Financial crimes

Sam Bankman-Fried loses bid to overturn crypto fraud conviction

FTX cryptocurrency exchange founder Sam Bankman-Fried stands before U.S. District Judge Lewis Kaplan as he is sentenced to 25 years in prison, at Federal Court in New York City, U.S., March 28, 2024 in this courtroom sketch. REUTERS/Jane Rosenberg

Convicted FTX founder Sam Bankman-Fried seeking Trump pardon

Sam Bankman-Fried was convicted in November 2023 on seven counts of fraud, embezzlement and criminal conspiracy.

MAS-licensed trust company fined $300,000 for breaching anti-money laundering rules

The breaches came to light during an inspection by MAS of the company’s anti-money laundering and countering the financing of terrorism framework.

Bedok resident behind nine firms tied to $3b money laundering case admits to conspiring to cheat IRAS

Wang Junjie pleaded guilty to conspiring to cheat IRAS by making false representations in his capacity as director of a software company.

What PayNow’s alias removal really signals

The move to remove the alias option from PayNow won't just combat scams, it may also signal a shift towards a more auditable payments infrastructure.

Crackdown in South-east Asia pushes scam networks to Sri Lanka

Indonesian police escort a group of online scam suspects from China, Japan and Taiwan.

Peru presidential candidate Sanchez accused of financial crimes after advancing to runoff

Left-wing presidential candidate Roberto Sanchez, who is expected to face right-wing presidential candidate Keiko Fujimori in a runoff in June, addresses the media in Lima, Peru, April 30, 2026. REUTERS/Angela Ponce

US issues alert to banks on IRGC efforts to evade sanctions

FILE PHOTO: Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

$3b money laundering case exposed gaps in S’pore’s corporate gatekeeping systems: FATF

Gold bars seized by police in the $3-billion money laundering case. The Financial Action Task Force said the case showed how attractive Singapore is to criminals.

Man charged over allegedly operating unlicensed money transfer business linked to over $38m

More than $314,000 in cash and 30 ATM cards were seized, among other items, during a raid of the operations on April 8.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.