The Monetary Authority of Singapore (MAS) announced fines totaling SGD 27.5 million (approximately USD 21.5 million) on nine financial institutions, including UBS (America) and Citigroup, for anti money laundering compliance loopholes in a USD 2.2 billion money laundering case. The case involves a Chinese gang known as the 'Fujian Gang', and some individuals have been convicted and their assets such as cash, luxury homes, luxury goods, and cryptocurrency have been seized. This case is the largest money laundering scandal in Singapore's history. （CoinDesk） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45093