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singapore

UOB Demands S$74.6 Million from mm2 Asia Amid Financial Struggles

On 10 November 2024, entertainment group mm2 Asia revealed that United Overseas Bank (UOB) has issued letters of demand for the repayment of approximately S$74.6 million (US$57 million) from the…

Nicole Teo10/11/2025
singapore

MAS Imposes S$27.45 Million Penalties on Financial Institutions Over Major Money Laundering Case

The Monetary Authority of Singapore (MAS) has announced hefty penalties totalling S$27.45 million (US$21.55 million) against nine financial institutions (FIs) due to breaches related to a significant money laundering case…

Sarah Lin04/07/2025
singapore

UOB Rejects Ken Koh’s Allegations Amid MAS Investigation

SINGAPORE — In a recent turn of events, United Overseas Bank (UOB) has firmly rejected allegations made by Ken Koh, former CEO of the now-defunct Yang Kee Logistics. Koh, whose…

Nicole Teo29/03/2025
singapore

OCBC and UOB to Support Junior Employees with One-off Payments Amidst Cost-of-Living Pressures

In a bid to alleviate ongoing cost-of-living concerns, Singapore banks OCBC and UOB have announced plans for one-off financial support aimed at their junior employees. This will mark the second…

Ryan Tan24/12/2024

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