Odaily Planet Daily News: The Monetary Authority of Singapore (MAS) announced fines totaling 27.5 million Singapore dollars (approximately 21.5 million US dollars) against nine financial institutions, including UBS and Citibank, to conclude the largest money laundering investigation in the country's history. The case involves 10 individuals from the 'Fujian Gang', with seized assets including cash, luxury homes, luxury goods, and cryptocurrencies. The former Credit Suisse Singapore branch under UBS was fined 5.8 million Singapore dollars for anti-money laundering control deficiencies, making it the highest fined institution. (CoinDesk)