MAS fines Vistra Trust $1.1 million for failures in anti-money laundering controls

January 20, 2022 4:30 PM

SINGAPORE – The Monetary Authority of Singapore (MAS) has slapped a composition penalty of $1.1 million on a financial services firm for failing to comply with requirements on anti-money laundering and countering the financing of terrorism (AML/CFT).

Source : https://www.straitstimes.com/business/banking/mas-fines-vistra-trust-11-million-for-failures-in-anti-money-laundering-controls