Day: May 9, 2023

Written by FinCrime

SEC reportedly investigating First Republic executives

Reported by Roland Li The Securities and Exchange Commission is investigating trading activity by First Republic Bank executives before the San Francisco institution’s sale to JPMorgan Chase, Bloomberg reported. The agency is reportedly looking for evidence of improper insider trading. It isn’t clear which executives are the focus of the inquiry, and no one has been charged, Bloomberg […]

Written by FinCrime

Singapore taps HSBC, Citi for rigid money laundering controls

Reported by DYLAN LOH Foreign and local banks in Singapore will be required to share information with one another on a digital platform that will make it easier to raise red flags on potential money laundering acts, as the city-state tightens oversight on illicit capital flows. The tiny nation’s lawmakers on Tuesday passed a bill […]