Blue Suisse

Malta

Founded in

2013 (12 Years)

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TrustFinance Intelligence Agency

Research date: Thg 10 14, 2025

Blue sheets are formal requests for information sent by the SEC to financial institutions regarding specific securities or transactions, aimed at improving transparency and investigating irregularities in trading activities. Originally printed on blue paper, these requests are now sent electronically to facilitate timely information exchange. Failure to comply can result in fines from the SEC, as seen with major banks that have faced penalties for providing insufficient data.

Blue sheets are formal requests for information sent by the SEC to financial institutions regarding specific securities or transactions, aimed at improving transparency and investigating irregularities in trading activities. Originally printed on blue paper, these requests are now sent electronically to facilitate timely information exchange. Failure to comply can result in fines from the SEC, as seen with major banks that have faced penalties for providing insufficient data.

The Monetary Authority of Singapore (MAS) has imposed a total of $27.45 million in penalties on nine financial institutions for failing to adhere to anti-money laundering controls linked to a $3 billion money laundering case from 2023. Credit Suisse (Singapore Branch) and UOB received the highest penalties of over $5 million each. MAS also took action against 18 individuals from these institutions for their roles in the case, issuing prohibition orders and reprimands. The case involved significant lapses in investigating suspicious transactions and verifying the sources of wealth of customers, despite discrepancies in their documentation. MAS emphasized the importance of vigilance in financial institutions to prevent such failures in the future.

The Monetary Authority of Singapore (MAS) has imposed a total of $27.45 million in penalties on nine financial institutions for failing to adhere to anti-money laundering controls linked to a $3 billion money laundering case from 2023. Credit Suisse (Singapore Branch) and UOB received the highest penalties of over $5 million each. MAS also took action against 18 individuals from these institutions for their roles in the case, issuing prohibition orders and reprimands. The case involved significant lapses in investigating suspicious transactions and verifying the sources of wealth of customers, despite discrepancies in their documentation. MAS emphasized the importance of vigilance in financial institutions to prevent such failures in the future.