Standard Chartered
StanChart Singapore hit with $5m fine for Guernsey transfers
The Monetary Authority of Singapore (Mas) has fined Standard Chartered S$6.4m (£3.5m, $4.9m €3.9m) for breaches to anti-money laundering and countering the financial of terrorism following the transfer of trusts from Guernsey.
Ex-StanChart Private Bank head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
PEOPLE MOVES: VAM, StanChart, Sanlam
Vam’s new group development director comes with strong Zurich credentials, while Standard Chartered has rejigged its management team after a member announced her retirement and Sanlam UK has added a portfolio manager to its London office.
Tax & Technical | 6 Oct 17
StanChart in $1.4bn suspect transfer probe
Standard Chartered is under investigation in Guernsey and Singapore over a $1.4bn (£1.07bn €1.2bn) transfer of funds.
PEOPLE MOVES: Goldman, StanChart, Manulife
Goldman Sachs and Manulife have both made significant hires in Asia, while Standard Chartered has appointed a fresh private banking Emea head.