Officials from Singapore’s monetary regulator will review the documents and meet with Credit Suisse and other banks within weeks, according to the report, citing other people familiar with the matter.
Swiss banking corporations UBS and Credit Suisse are seen in Zurich, Switzerland, on Aug. 30, 2023. (REUTERS/Denis Balibouse/File Photo)
MAS informed Reuters News to Singapore Minister of State Alvin Tan’s Parliament on Oct. 3 that MAS was conducting supervisory reviews and inspections of monetary institutions related to the case.
Credit Suisse declined to comment on the report.
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Police in Singapore arrested 10 foreigners in August as the Asian currency center investigates one of its biggest cases of alleged cash laundering, with assets seized of S$2. 8 billion ($2 billion).