You are here

1MDB saga: What the public needs to know

Engaging the public on a regular basis, even though live investigations are ongoing, is one way MAS can safeguard transparency and foster trust.

It is understandable that a specific individual's liability should not be commented upon prematurely, to prevent prejudice. Yet, individual accountability is crucial when it comes to understanding how financial institutions become implicated in a crime.

FOR a country well-reputed for its robust regulatory framework, the 1Malaysia Development Berhad (1MDB) saga has brought the vigilance of financial institutions in Singapore sharply into the spotlight.

Questions remain as to how gross breaches of our anti-money laundering (AML) rules...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to