MAS fines DBS Bank S$1m for 10 AML breaches in 1MDB flows
DBS Bank Ltd (Singapore) · Bank
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
End-use tracing of funds
Tracing the source and end use of funds would show 1MDB origin.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Regulatory & litigation records
Regulator findings would show the control gaps.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Borrower monitor
Offered in India- C6 Tracing the source and end use of funds would show 1MDB origin.
- C8 Regulator findings would show the control gaps.
Verified Snapshot
Offered in India- C8 Regulator findings would show the control gaps.
Legal diligence support
Offered in India- C8 Regulator findings would show the control gaps.
Promoter profiles
Offered in India- C8 Regulator findings would show the control gaps.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.