Singaporean Toh Hway Khuan, 51, pleaded guilty on Wednesday Jan 18 to 13 charges relating to using the bank's account to get preferential rates on the US dollar in November forex Toh was said to have traded for US dollars in November at rates unfavourable to his bank - either buying American currency at a rate above the market price, or selling at a price below it. These were trades the bank would not have authorised. Prosecutor Forex Imaduddin sought a three-month jail term to deter those in the financial industry from making personal gains through deceitful means. Toh failed to disclose his beneficial ownership in the trades, and his offenses were difficult to detect, rates prosecutor said. The forex lawyer Lee Teck Leng sought a "high fine," saying deutsche bank didn't suffer actual bank and there was no market impact from Toh's conduct. The offenses happened around the time of rates Monetary Authority of Singapore's review of attempts by deutsche to rig currency benchmarks forex to Rates regulator censured 20 banks in and ordered them to improve bank controls. Probes into rates rigging of foreign-exchange markets deutsche interest-rate benchmarks have led to lenders across the globe paying billions of dollars in fines and an overhaul of how bank rates are set. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a deutsche is still required for our PDFs. Skip to main content. The Straits Times Business Bank navigation. A former Deutsche Bank foreign-exchange trader faces a possible prison sentence after a Deutsche court convicted him of defrauding the company by making false trades. What you need to know about Hundred Palms Residences. Glocalisation is the new buzzword. Bangkok is now a desirable living, investment choice. Subscribe to Forex Straits Times call or click here. Available for iPhones and rates. Available in Google Play. Back to the top. Singapore Politics Asia World Videos Multimedia Lifestyle Food Forum Opinion Business Sport Tech.
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A number of electors of President and Vice President equal to the whole number of Senators and Representatives in Congress.