DBS, CIMB, Deutsche among banks in S'pore that handled $6 billion in suspicious transactions: FinCEN leaks

Singapore received about US$3 billion and sent US$1.5 billion in 1,781 suspicious transactions, within 20 years. -PHOTO: ST FILE

SINGAPORE, Sept 22 (The Straits Times/ANN) - A number of banks in Singapore handled about US$4.5 billion (S$6.13 billion) in suspicious transactions between 2000 and 2017, with DBS Bank, CIMB Bank and Deutsche Bank among those that processed the largest sums of such funds here.

This is according to the findings of the International Consortium of Investigative Journalists (ICIJ) on leaked files, comprising so-called suspicious activity reports, from the Financial Crimes Enforcement Network (FinCEN) in the United States.