MAS fines accounting firm for anti-money laundering lapses

Submitted By:  Staff Reporter Case Study:  No The firm failed to vet transactions at risk for money laundering and terrorism financing. The Monetary Authority of Singapore (MAS) has imposed a $400,000 composition penalty of on accounting firm TMF Trustees Singapore Limited (TTSL) for its failure to comply with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. read more