Singapore central bank says it made adequate disclosures on 1MDB

The Monetary Authority of Singapore says that in an unprecedented move, it publicly named individuals whom it had referred to the public prosecutor.

“We set out the wrongdoings, poor risk management and anti-money laundering control lapses that were serious breaches of MAS’ regulations. Tan and Chan made the suggestion that MAS should disclose more on regulatory matters while investigations were ongoing but Mahendran, on the other hand, had reservations with this approach.

Why try to justify your inactions when you were fully aware of the facts and clearly complicit in the crime of abetting MO1.Only after DOJ actions years later were you forced to do the right thing for fear of tarnishing your so called rule of law system. Laughable.

Malaysians banks did not report the high amount transaction... but how did Singapore central bank miss it? Is the higher echelon involved as well?

Kalau MAS Spore boleh update public pasal 1MDB bila BNM nak update pulak

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