Short sighted what lens

Singapore (VNA) - The Monetary Authority of Singapore (MAS) announced on March 19 it has imposed fines of 5.2 million SGD (about 3.95 million USD) on the Singapore branch of Standard Chartered Bank (SCBS), and 1.2 million SGD (about 910,000 million USD) on Standard Chartered Trust (Singapore) Limited (SCTS). Xinhua news agency quoted a MAS press release as saying it found that the risk management and control of SCBS and SCTS in relation to the transfers of trust accounts of SCBS customers from Standard Chartered Trust (Guernsey) to SCTS from December 2015 to January 2016 were loose. MAS said the and SCTS did not adequately assess and mitigate risks, and also failed to file suspicious transaction reports in a timely manner for those transfers that occurred shortly before Guernsey's implementation of the Common Reporting Standards (CRS) for the Automatic Exchange of Financial Account Information in Tax Matters. It said the timing of the transfers raised questions of whether the … [Read more...] about Singapore fines Standard Chartered Bank, Trust

The bank was full of faces weary from the long wait, which seemed 30 minutes on average. People found ways to occupy themselves, with some even taking out laptops to work while they waited. Others grew restive and frustrated, and left early without bothering for their turn to come. … [Read more...] about Banking systems experience intense Tet surge

Democrats said Trump abused his power by initially withholding US$391 million in Ukraine security aid intended to fight Russia-backed separatists, and a coveted White House meeting for Zelenskiy, to pressure Ukraine to announce the investigations of the Bidens. Trump’s legal team says there is no evidence that the aid was a condition for receiving help. … [Read more...] about U.S. Senate blocks Democratic bids for evidence, witnesses in Trump impeachment trial

The painting Sea at Night by Vu Nguyen Huong Nhi (R). The highest prizes at the event were given to two calligraphically paintings by two students from Iwate and Saitama prefectures, Japan. … [Read more...] about Vietnamese student’s painting exhibited in Japan

Jakarta (VNA) - Indonesia’s new capital city will contribute only an additional 0.02 percentage point to the country’s economic growth, and the impact will also be short lived, according to Institute for Development of Economics and Finance (Indef) research. … [Read more...] about Indonesia’s new capital city to contribute little to national economic growth