AML Compliance

MAS Enforcement Report: Anti-ML and Market Abuse Penalties

The Monetary Authority of Singapore (MAS) released its 4th Enforcement Report detailing actions taken from January 2022 to June 2023. The report highlights $7.10 million in penalties for anti-ML breaches and $12.96 million for market abuse, alongside other enforcement outcomes.

MAS Enforcement Actions Against 14 Entities

The Monetary Authority of Singapore (MAS) has taken enforcement actions against 14 entities and individuals for breaches of laws and regulations. These actions include investigations, prohibition orders, civil penalties, and revocation of licenses, impacting financial institutions and their senior management.

MAS Bans Kevin Michael Swampillai for Life

The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders against former BSI Bank representative Kevin Michael Swampillai. The ban follows his misconduct involving approximately US$5 million in secret profits and misrepresentations to auditors related to 1MDB investments.

Goldman Sachs Singapore Penalized for 1MDB Bond Offerings

Singaporean authorities (AGC, CAD, MAS) have taken action against Goldman Sachs (Singapore) Pte. (GSSP) for its role in the 1MDB bond offerings. GSSP will pay US$122 million to the Singapore Government and US$61 million to Malaysian authorities, totaling US$183 million.

MAS Enforcement Actions Against Market Abuse and Financial Misconduct

The Monetary Authority of Singapore (MAS) has announced significant enforcement actions, including $11.7 million in civil penalties and nine criminal convictions for market abuse and financial misconduct. The MAS Enforcement Report covers January 2019 to June 2020, detailing efforts to combat financial crime and enhance regulatory oversight.

DOJ Corporate Enforcement and Voluntary Self-Disclosure Policy

The Department of Justice has updated its Corporate Enforcement and Voluntary Self-Disclosure Policy, effective March 10, 2026. This policy outlines the DOJ's approach to corporate criminal enforcement and provides incentives for companies that self-disclose misconduct.

DOJ FCPA Resource Guide Updated with FEPA Addendum

The Department of Justice (DOJ) has released an addendum to its FCPA Resource Guide to address the Foreign Extortion Prevention Technical Amendments Act (FEPA), enacted on July 30, 2024. This update provides information on the new criminalization of the 'demand side' of foreign bribery.

FCPA Guidelines for Investigations and Enforcement

The DOJ Antitrust Division has updated its Foreign Corrupt Practices Act (FCPA) Guidelines for Investigations and Enforcement. These updated guidelines, effective June 9, 2025, provide clarity on the DOJ's approach to FCPA enforcement and investigations.

DOJ FCPA Opinion Procedure Regulations

The Department of Justice updated its Foreign Corrupt Practices Act (FCPA) Opinion Procedure Regulations. This update provides guidance on how companies can seek an opinion from the DOJ regarding proposed conduct under the FCPA.

DOJ FCPA Enforcement Actions List

The Department of Justice's Antitrust Division has updated its Foreign Corrupt Practices Act (FCPA) enforcement actions page. This update provides access to lists of past enforcement actions, categorized alphabetically and chronologically, to inform the public and regulated entities.