Credit Suisse, UOB, UBS, UOB Kay Hian and Citibank were among the financial institutions penalised. SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed S$27.45 million (US$21.55 million) in penalties on nine financial institutions for breaches related to the 2023 money laundering case involving more than S$3 billion in assets. Action has also been taken against 18 individuals involved in managing relationships with suspects in the case, MAS announced on Friday (Jul 4). Credit