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financial hub

Singapore warns banks pose highest money laundering risk after US$2.24 billion scandal

by Walter Watson
Singapore warns banks pose highest money laundering risk after US.24 billion scandal

Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city state, the government said in a money laundering risk assessment report published on Thursday. Banks …

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Singapore is richer than US, UK or France per capita. Lawrence Wong’s challenge as PM will be maintaining that

by Walter Watson
Singapore is richer than US, UK or France per capita. Lawrence Wong’s challenge as PM will be maintaining that

It has been independent for just under 60 years and is smaller than New York City. But make no mistake, Singapore is very much in the big leagues when it …

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Christopher Hui in New York to promote Hong Kong’s superconnector role in meetings with likes of Michael Bloomberg, Fed CEO

by Anas Siddiqui
Christopher Hui in New York to promote Hong Kong’s superconnector role in meetings with likes of Michael Bloomberg, Fed CEO

The Secretary for Financial Services and the Treasury will meet Michael Bloomberg, founder of financial media company Bloomberg and former New York City mayor, on Tuesday. He will also address …

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Exclusive | JPMorgan’s faith in Hong Kong as financial hub as strong as ever a century on, COO Daniel Pinto says

by Anas Siddiqui
Exclusive | JPMorgan’s faith in Hong Kong as financial hub as strong as ever a century on, COO Daniel Pinto says

“We will continue to do the business that we are doing and continue growing,” said the bank’s president and chief operating officer Daniel Pinto during an interview in Hong Kong. …

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Hong Kong launches one of world’s first wholesale CBDC pilot as city positions itself at cutting edge of blockchain evolution

by Anas Siddiqui
Hong Kong launches one of world’s first wholesale CBDC pilot as city positions itself at cutting edge of blockchain evolution

“We’re calling it Project Ensemble” internally, to conjure a group of items working together, Lee said at a press conference on Thursday. “We hope it will play beautifully, like music.” …

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