Herba and Rempah: A successful home-based business selling Peranakan cuisine opens its first restaurant in PJ, serving salted fish bone curry, ‘sambal petai hae bee’ and more
The HKMA said the bank failed to “continuously monitor business relationships and conduct enhanced due diligence in high-risk situations” over a seven-year period. Parent group DBS, South-east Asia’s largest bank, was among lenders caught up in a billion-dollar money-laundering scandal in Singapore last year.Banks are required to “put in place effective customer due diligence measures to combat money laundering and terrorist financing” and those measures should be regularly reviewed, said Raymond Chan, an executive director at HKMA.
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