Singapore Banks Probe Rich Clients After Laundering Case

Reported by Chanyaporn Chanjaroen and Joyce Koh Citigroup Inc., DBS Group Holdings Ltd. and other banks caught up in Singapore’s biggest money-laundering scandal are ramping up scrutiny of their wealthy customers and potential clients to avoid exposure to illicit flows, according to people familiar with the matter. Private bankers at several institutions are also receiving additional training to […]

Colorado is charting a rise in potential money laundering. Could stopping it slow the fentanyl trade?

Reported by Ernesto Cabral Colorado money service businesses, such as check-cashing businesses and money forwarding services, filed a record number of reports last year of possible money laundering by people using their services, official data shows. In 2023, money services businesses flagged more than 22,000 transactions in Colorado they suspected were intended to convert money from […]