Joint Statement by Attorney-General’s Chambers, Singapore (AGC)
Commercial Affairs Department, Singapore Police Force (CAD)
Monetary Authority of Singapore (MAS)
Singapore, 21 July 2016 … The AGC, CAD, and MAS announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore.
We note the statement by the US Attorney General on 20 July 2016, seeking the forfeiture and recovery of more than US$1 billion in assets associated with an international conspiracy to launder funds related to 1MDB.
Singapore’s investigations began in March 2015 and are still in progress. The fund flows being investigated include those connected with Good Star Limited (Seychelles), Aabar Investments PJS Limited (BVI), Aabar Investments PJS Limited (Seychelles), and Tanore Finance Corp. (BVI). The criminal investigations by CAD are targeted at individuals suspected of committing offences in Singapore related to these flows, while MAS has been examining the financial institutions through which the funds flowed for possible regulatory breaches and control lapses.
In the course of the investigations, bank accounts belonging to various individuals have been seized and dealings in properties belonging to some of these individuals have been curtailed. The assets amount in total to S$240 million. Of these bank accounts and properties, about S$120 million belong to Mr Low Taek Jho and his immediate family.
Singapore has made a number of requests for information to countries where these funds originated from or were subsequently sent to. Some of these requests are still being processed. Several countries have likewise requested Singapore’s assistance in relation to questionable fund flows pertaining to monies suspected to have originated from 1MDB. Singapore has promptly acceded to all such requests, in compliance with our international obligations.
Appropriate actions will be brought against those who have broken Singapore’s laws. To-date, two individuals – Mr Yeo Jiawei and Mr Kelvin Ang – have been charged for various offences. Several other individuals are still being questioned or investigated.
Statement by Monetary Authority of Singapore
Actions to be taken against Financial Institutions
Singapore, 21 July 2016 … The MAS announced today that its supervisory examinations of financial institutions (FIs) with 1MDB-related fund flows have revealed a complex international web of transactions involving multiple entities and individuals operating in several jurisdictions. Certain FIs in Singapore were among those used as conduits for these transactions. MAS’ supervisory examinations, which began in March 2015, found lapses and weaknesses in anti-money laundering (AML) controls in these Singapore-based FIs. MAS will be taking actions against these FIs.
MAS’ supervisory examinations included detailed onsite inspections, and analysis of information obtained from regulators abroad. They revealed extensive layering of transactions and subterfuge aimed at disguising the nature of certain activities and fund flows. In some instances, shell or unauthorised companies domiciled in various jurisdictions were used to conceal the true beneficiaries of the funds.
MAS’ findings to-date on the lapses and weaknesses in Singapore-based FIs in managing 1MDB-related flows are summarised below. The FIs include banks, capital market intermediaries, and a remittance agent.
BSI Bank Limited Singapore (BSI Bank)
MAS completed its examination of BSI Bank in May 2016. MAS decided to withdraw its status as a merchant bank in view of its serious breaches of AML requirements and poor management oversight, and gross misconduct by some of the bank’s staff.
DBS Bank Ltd (DBS), Standard Chartered Bank, Singapore Branch (SCB), and UBS AG, Singapore Branch (UBS)
MAS has completed its inspections of DBS, SCB, and UBS, and is now finalising its assessments.
The preliminary findings are that there were instances of control failings in all three banks and, in some cases, weaknesses in the processes for accepting clients and monitoring transactions. There was also undue delay in detecting and reporting suspicious transactions.
The deficiencies observed in DBS, SCB and UBS related to lapses in specific processes and by individual officers. The lapses were serious in their own right, and will be met by firm regulatory actions against the banks. However, the MAS’ inspections did not reveal pervasive control weaknesses or staff misconduct within these banks, unlike in the case of BSI Bank.
Falcon Private Bank Limited, Singapore Branch (Falcon PBS)
MAS completed its onsite inspection of Falcon PBS in April 2016, and found substantial breaches of AML regulations, including failure to adequately assess irregularities in activities pertaining to customers’ accounts and to file suspicious transaction reports.
However, the supervisory examination of Falcon PBS is still ongoing as the oversight and management of certain key client relationships were done out of the bank’s head office in Switzerland. MAS is examining information obtained from Falcon PBS’ head office and has asked for further details.
Raffles Money Change (RMC)
MAS has completed its examination of RMC, a licensed money changer and remittance agent. The examination revealed weak management oversight, inadequate risk management practices and internal controls. Specific findings include failure to identify beneficial owners, verify authenticity of remittance instructions, and assess if a customer’s remittance activities are consistent with the profile of the customer. MAS is finalising regulatory actions against RMC.
MAS’ examination of certain other FIs are ongoing. More details will be provided when these examinations are completed. MAS will take decisive regulatory actions against any FI that has breached regulations or failed to meet the expected AML standards.
Commercial Affairs Department, Singapore Police Force (CAD)
Monetary Authority of Singapore (MAS)
Singapore, 21 July 2016 … The AGC, CAD, and MAS announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore.
We note the statement by the US Attorney General on 20 July 2016, seeking the forfeiture and recovery of more than US$1 billion in assets associated with an international conspiracy to launder funds related to 1MDB.
Singapore’s investigations began in March 2015 and are still in progress. The fund flows being investigated include those connected with Good Star Limited (Seychelles), Aabar Investments PJS Limited (BVI), Aabar Investments PJS Limited (Seychelles), and Tanore Finance Corp. (BVI). The criminal investigations by CAD are targeted at individuals suspected of committing offences in Singapore related to these flows, while MAS has been examining the financial institutions through which the funds flowed for possible regulatory breaches and control lapses.
In the course of the investigations, bank accounts belonging to various individuals have been seized and dealings in properties belonging to some of these individuals have been curtailed. The assets amount in total to S$240 million. Of these bank accounts and properties, about S$120 million belong to Mr Low Taek Jho and his immediate family.
Singapore has made a number of requests for information to countries where these funds originated from or were subsequently sent to. Some of these requests are still being processed. Several countries have likewise requested Singapore’s assistance in relation to questionable fund flows pertaining to monies suspected to have originated from 1MDB. Singapore has promptly acceded to all such requests, in compliance with our international obligations.
Appropriate actions will be brought against those who have broken Singapore’s laws. To-date, two individuals – Mr Yeo Jiawei and Mr Kelvin Ang – have been charged for various offences. Several other individuals are still being questioned or investigated.
Statement by Monetary Authority of Singapore
Actions to be taken against Financial Institutions
Singapore, 21 July 2016 … The MAS announced today that its supervisory examinations of financial institutions (FIs) with 1MDB-related fund flows have revealed a complex international web of transactions involving multiple entities and individuals operating in several jurisdictions. Certain FIs in Singapore were among those used as conduits for these transactions. MAS’ supervisory examinations, which began in March 2015, found lapses and weaknesses in anti-money laundering (AML) controls in these Singapore-based FIs. MAS will be taking actions against these FIs.
MAS’ supervisory examinations included detailed onsite inspections, and analysis of information obtained from regulators abroad. They revealed extensive layering of transactions and subterfuge aimed at disguising the nature of certain activities and fund flows. In some instances, shell or unauthorised companies domiciled in various jurisdictions were used to conceal the true beneficiaries of the funds.
MAS’ findings to-date on the lapses and weaknesses in Singapore-based FIs in managing 1MDB-related flows are summarised below. The FIs include banks, capital market intermediaries, and a remittance agent.
BSI Bank Limited Singapore (BSI Bank)
MAS completed its examination of BSI Bank in May 2016. MAS decided to withdraw its status as a merchant bank in view of its serious breaches of AML requirements and poor management oversight, and gross misconduct by some of the bank’s staff.
DBS Bank Ltd (DBS), Standard Chartered Bank, Singapore Branch (SCB), and UBS AG, Singapore Branch (UBS)
MAS has completed its inspections of DBS, SCB, and UBS, and is now finalising its assessments.
The preliminary findings are that there were instances of control failings in all three banks and, in some cases, weaknesses in the processes for accepting clients and monitoring transactions. There was also undue delay in detecting and reporting suspicious transactions.
The deficiencies observed in DBS, SCB and UBS related to lapses in specific processes and by individual officers. The lapses were serious in their own right, and will be met by firm regulatory actions against the banks. However, the MAS’ inspections did not reveal pervasive control weaknesses or staff misconduct within these banks, unlike in the case of BSI Bank.
Falcon Private Bank Limited, Singapore Branch (Falcon PBS)
MAS completed its onsite inspection of Falcon PBS in April 2016, and found substantial breaches of AML regulations, including failure to adequately assess irregularities in activities pertaining to customers’ accounts and to file suspicious transaction reports.
However, the supervisory examination of Falcon PBS is still ongoing as the oversight and management of certain key client relationships were done out of the bank’s head office in Switzerland. MAS is examining information obtained from Falcon PBS’ head office and has asked for further details.
Raffles Money Change (RMC)
MAS has completed its examination of RMC, a licensed money changer and remittance agent. The examination revealed weak management oversight, inadequate risk management practices and internal controls. Specific findings include failure to identify beneficial owners, verify authenticity of remittance instructions, and assess if a customer’s remittance activities are consistent with the profile of the customer. MAS is finalising regulatory actions against RMC.
MAS’ examination of certain other FIs are ongoing. More details will be provided when these examinations are completed. MAS will take decisive regulatory actions against any FI that has breached regulations or failed to meet the expected AML standards.
Fuiyyo !! Chinese - Arab fellow Writes Letters With Similar Phrases
Above is the Arab fellow's letter.
Below is the Chinese Arab fellow's letter.
Same-same mah.
kkkkkk
SAYA INGIN BERBAGI CERITA KEPADA SEMUA ORANG BAHWA MUNKIN AKU ADALAH ORANG YANG PALING MISKIN DIDUNIA DAN SAYA HIDUP BERSAMA ISTRI DAN 3 BUAH HATI SAYA SELAMA 10 TAHUN DAN 10 TAHUN ITU KAMI TIDAK PERNAH MERASAKAN YANG NAMANYA KEMEWAHAN,,SETIAP HARI SAYA SELALU MEMBANTIN TULANG BERSAMA SUAMI SAYA UNTUK KELUARGA SAYA NAMUN ITU SEMUA TIDAK PERNAH CUKUP UNTUK KEBUTUHAN HIDUP KELUARGA SAYA..AKHIRNYA AKU PILIH JALAN TOGEL INI DAN SUDAH BANYAK PARA NORMALYANG SAYA HUBUNGI NAMUN ITU SEMUA TIDAK PERNAH MEMBAWAKAN HASIL DAN DISITULAH AKU SEMPAT PUTUS ASA AKHIRNYA ADA SEORANG TEMAN YANG MEMBERIKAN NOMOR AKI SOLEH JAFFAR,,SAYA PIKIR TIDAK ADA SALAHNYA JUGA SAYA COBA LAGI UNTUK MENGHUBUNGI AKI SOLEH JAFFAR DAN AKHIRNYA AKI SOLEH JAFFAR MEMBERIKAN ANGKA GHOIBNYA DAN ALHAMDULILLAH BERHASIL..KINI SAYA SANGAT BERSYUKUR MELIHAT KEHIDUPAN KELUARGA SAYA SUDAH JAUH LEBIH BAIK DARI SEBELUMNYA,DAN TANDA TERIMAH KASIH SAYA KEPADA AKI SOLEH JAFFAR SETIAP SAYA DAPAT RUANGAN PASTI SAYA BERKOMENTAR TENTAN AKI SOLEH JAFFAR …BAGI ANDA YANG INGIN SEPERTI SAYA SILAHKAN HUBUNGI AKI SOLEH JAFFAR: 0853- 7778–3331
ReplyDeleteKLIK DISINI 2d 3d 4d 5d 6d
Sekian lama saya bermain togel baru kali ini saya
benar-benar merasakan yang namanya kemenangan 4D dan alhamdulillah saya dpat Rp 150 juta dan semuaini
berkat bantuan angka dari AKI SOLEH JAFFAR]
karena cuma Beliaulah ang memberikan angka
goibnya yg di jamin 100% tembus awal saya
bergabung hanya memasang 100 ribu karna
saya ngak terlalu percaya ternyatah benar-benar
tembus dan kini saya ngak ragu-ragu lagi untuk memasang
angkanya,,,,buat anda yg butuh angka yang dijamin tembus
hubungi AKI SOLEH JAFFAR] DI 0853- 7778–3331
insya allah beliu akan menbatu k40esusahan
anda apalagi kalau anda terlilit hutang trima kasih.? <<< ]
الالله صلى الله عليه وسلموعليكوتهله صلى الل
SAYA INGIN BERBAGI CERITA KEPADA SEMUA ORANG BAHWA MUNKIN AKU ADALAH ORANG YANG PALING MISKIN DIDUNIA DAN SAYA HIDUP BERSAMA ISTRI DAN 3 BUAH HATI SAYA SELAMA 10 TAHUN DAN 10 TAHUN ITU KAMI TIDAK PERNAH MERASAKAN YANG NAMANYA KEMEWAHAN,,SETIAP HARI SAYA SELALU MEMBANTIN TULANG BERSAMA SUAMI SAYA UNTUK KELUARGA SAYA NAMUN ITU SEMUA TIDAK PERNAH CUKUP UNTUK KEBUTUHAN HIDUP KELUARGA SAYA..AKHIRNYA AKU PILIH JALAN TOGEL INI DAN SUDAH BANYAK PARA NORMALYANG SAYA HUBUNGI NAMUN ITU SEMUA TIDAK PERNAH MEMBAWAKAN HASIL DAN DISITULAH AKU SEMPAT PUTUS ASA AKHIRNYA ADA SEORANG TEMAN YANG MEMBERIKAN NOMOR AKI SOLEH JAFFAR,,SAYA PIKIR TIDAK ADA SALAHNYA JUGA SAYA COBA LAGI UNTUK MENGHUBUNGI AKI SOLEH JAFFAR DAN AKHIRNYA AKI SOLEH JAFFAR MEMBERIKAN ANGKA GHOIBNYA DAN ALHAMDULILLAH BERHASIL..KINI SAYA SANGAT BERSYUKUR MELIHAT KEHIDUPAN KELUARGA SAYA SUDAH JAUH LEBIH BAIK DARI SEBELUMNYA,DAN TANDA TERIMAH KASIH SAYA KEPADA AKI SOLEH JAFFAR SETIAP SAYA DAPAT RUANGAN PASTI SAYA BERKOMENTAR TENTAN AKI SOLEH JAFFAR …BAGI ANDA YANG INGIN SEPERTI SAYA SILAHKAN HUBUNGI AKI SOLEH JAFFAR: 0853- 7778–3331
KLIK DISINI 2d 3d 4d 5d 6d
Sekian lama saya bermain togel baru kali ini saya
benar-benar merasakan yang namanya kemenangan 4D dan alhamdulillah saya dpat Rp 150 juta dan semuaini
berkat bantuan angka dari AKI SOLEH JAFFAR]
karena cuma Beliaulah ang memberikan angka
goibnya yg di jamin 100% tembus awal saya
bergabung hanya memasang 100 ribu karna
saya ngak terlalu percaya ternyatah benar-benar
tembus dan kini saya ngak ragu-ragu lagi untuk memasang
angkanya,,,,buat anda yg butuh angka yang dijamin tembus
hubungi AKI SOLEH JAFFAR] DI 0853- 7778–3331 insya allah beliu akan menbatu k40esusahan
anda apalagi kalau anda terlilit hutang trima kasih.? <<< ]
الالله صلى الله عليه وسلموعليكوتهله صلى الل
Awalnya aku hanya mencoba main togel akibat adanya hutang yang sangat banyak dan akhirnya aku buka internet mencari aki yang bisa membantu orang akhirnya di situ lah ak bisa meliat nmor nya AKI NAWE terus aku berpikir aku harus hubungi AKI NAWE meskipun itu dilarang agama ,apa boleh buat nasip sudah jadi bubur,dan akhirnya aku menemukan seorang aki.ternyata alhamdulillah AKI NAWE bisa membantu saya juga dan aku dapat mengubah hidup yang jauh lebih baik berkat bantuan AKI NAWE dgn waktu yang singkat aku sudah membuktikan namanya keajaiban satu hari bisa merubah hidup ,kita yang penting kita tdk boleh putus hasa dan harus berusaha insya allah kita pasti meliat hasil nya sendiri. siapa tau anda berminat silakan hubungi AKI NAWE Di Nmr 085--->"218--->"379--->''259'
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