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.
PHOTO: CHINA PRESS
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...