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DBS, OCBC and UOB explore anti-money laundering collaboration

Singaporean heavyweights, DBS, OCBC and UOB, are currently in talks about creating a country-wide model for anti-money laundering (AML) and client data, according to media reports. The new shared network “will bring significant control and operational efficiency benefits to the industry and Singapore”, Loretta Yuen, head of legal and regulatory compliance at OCBC told media,…

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