Singapore, HK No. 1 for dodgy bank transactions

REPORT: The Monetary Authority of Singapore said that it is ‘closely studying’ the revelations, which hammered bank shares, sending DBS’ loss for the year to 24 percent Bloomberg Singapore and Hong Kong were the biggest destinations for suspect transactions in Asia, even though the financial centers saw just a small fraction of an estimated US$2 trillion in potentially dodgy money flows revealed in a...