trending Market Intelligence /marketintelligence/en/news-insights/trending/ROCgC_2DlE1mbqYABmkiJg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: MAS probes several banks over 1MDB transactions

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: MAS probes several banks over 1MDB transactions

The Monetary Authority of Singapore is investigating severalbanks for potential violation of anti-money laundering rules in theirtransactions linked to Malaysian state investment fund 1Malaysia DevelopmentBhd., or 1MDB, Reuters reported July 17, citing "three people withknowledge of the matter."

The Singapore central bank is looking at the banks'operations to find out if they exercised due diligence in theirknow-your-customer rules or if they were careful in screening politically exposedpersons, sources said.

The banks under review include , , andCoutts International.

The probe could lead to fines and other penalties for thebanks involved, said the sources. The banks have been in contact with theSingapore regulator and MAS will make an announcement if it will take anypunitive action against the banks being investigated, the sources added.

The 1MDB issue surfaced in 2015 after Malaysian governmentinvestigators traced hundreds of millions of dollars of funds that had flowninto the private accounts of the country's prime minister, Najib Razak, througha range of intermediaries. The discovery led to cross-border probes in severaljurisdictions, including Malaysia, Switzerland and the U.S.

UBS recently reported suspicious transactions related to IMDB to MAS,which started an investigation by the regulator.