Singapore Vigilant Against Financial Misconduct, Menon Says

  • Responsibility of compliance rests with company boards: Menon
  • Country should be able to avoid recession, MAS chief says

Ravi Menon.

Photographer: Munshi Ahmed/Bloomberg

Singapore has increased inspections of banks’ anti-money-laundering and terrorism-financing controls as it steps up enforcement actions against misconduct in the industry, the head of the central bank said.

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