Investment management firm handed S$1.9 million penalty for breaches of anti-money laundering requirements

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SINGAPORE: Fund manager Atrium Asia Investment Management has been handed a S$1.9 million (US$1.4 million) penalty over multiple breaches of requirements that safeguard against money laundering and terrorism financing.

Investment management firm handed S$1.

A reprimand has also been issued to the company's CEO Mintarja Oei for failing to ensure its compliance with the requirements. The firm's key breaches "are attributable to Mr Oei", MAS said.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Management Been Investment Firm Laundering Asia Customers Atrium Handed Money Requirements

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 17:27:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23324138

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Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 36 minutes ago

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