Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile5 entries
2025
Penalties connected with Singapore’s 2023 money-laundering case
MAS fined UOB S$5.6 million and UOB Kay Hian S$2.85 million over anti-money-laundering control shortcomings associated with the 2023 case involving more than S$3 billion in illicit assets.
2022
UOB Kay Hian conduct and AML penalty
UOB-associated stockbroker UOB Kay Hian was fined S$375,000 for failures involving business conduct and anti-money-laundering and counter-terrorist-financing requirements.
2020
Khee San sues UOB over repayment dispute
Lawsuit filed
Khee San sued United Overseas Bank (Malaysia), seeking to offset or remove amounts it described as fictitious from repayments and claiming compensation. The article says Khee San had previously reported that it owed the bank RM7.9 million due to cash-flow constraints; the allegations are not presented as a court determination.
Source excerpt
奇新昨日起诉大华银行并向其索赔，要求将欠大华银行的款项全部抵销，或按法庭指示从还款中删除“虚假”部分。
（吉隆坡26日讯）针对独资子公司Khee San Food Industries私人有限公司（KSFI）涉嫌拖欠付款一事，奇新（Khee San Bhd）已经起诉大华银行（United Overseas Bank (Malaysia) Bhd，简称UOB）。
根据此前的文告，这家糖果制造商表示，由于现金流限制，该公司在2019年4月至8月间拖欠大华银行790万令吉款项。
2019
Indian regulatory-compliance penalty
The Reserve Bank of India fined UOB INR 10 million for deficiencies in regulatory compliance.
2017
1MDB-related anti-money-laundering control failures
The Monetary Authority of Singapore fined UOB S$900,000 for weaknesses in customer due diligence and scrutiny of transactions connected with the 1Malaysia Development Berhad scandal.