INSIDER THREAT: Citi relationship manager jailed for two years over $2.3 billion Singapore ML scandal - AML Intelligence

AML, ASIA-PACIFIC, BANKING, FINANCIAL CRIME, NEWS INSIDER THREAT: Citi relationship manager jailed for two years over $2.3 billion Singapore ML scandal PREMIUM October 23, 2025 ML: A former Citibank' relationship manager was today jailed for his part in the city state's biggest ML scandal. Our file photo shows neon sign on the bank's Singapore main office at the central business district. PREMIUM LATEST: ING to cut 1,250 jobs, compliance roles face axe amid AI shift PREMIUM INSIGHT: The importance of AML consistency amid rapidly shifting global sanctions PREMIUM LATEST: FinCEN issues FAQ for firms impacted by southwest border GTO By AML Intelligence Correspondent A Citibank relationship manager was jailed for two years today (Thursday) for his part in Singapore’s $2.3 billion money laundering scandal. Wang Qiming was the first bank official to be convicted of forgery over his involvement in the ML conspiracy, in which S$3bn ($2.3bn) from illegal gambling operations flowed into Singapore…. Subscribe now to have unlimited access With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more! View subscription options If you have an account, log in