Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Singapore has hit banks and wealth managers including UBS, Citi and Julius Baer with its second-largest collective penalty ever in relation to a money-laundering case that dented the city-state’s clean reputation and cast a pall…
A court in Seoul has ordered K-pop group NewJeans to pay 1 billion won (USD $726,300) per member for each unauthorized activity outside their agency’s control, potentially totaling 5 billion won ($3.6 million) if all five members perform together. Multiple news outlets out of South Korea reported that the Seoul Central District Court on Friday…
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. Klarna has been fined $50mn and reprimanded by Sweden’s financial regulator for breaking anti-money laundering rules as the buy now, pay later pioneer gears up for a stock market listing. The Swedish regulator said on…
