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Singapore Bank OCBC Tightens Scrutiny on International Clients

Oversea-Chinese Banking Corp., Singapores second-largest lender, told some international clients to show proof of residence in the city state to avoid having their accounts shut, a signal of heightened scrutiny in the wake of a spate of money-laundering cases.

Posted by Hicham ALAOUI RIZQ on 2024, Dec 11

Introduction

Oversea-Chinese Banking Corp., Singapores second-largest lender, told some international clients to show proof of residence in the city state to avoid having their accounts shut, a signal of heightened scrutiny in the wake of a spate of money-laundering cases.

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