The Monetary Authority of Singapore (MAS) fined Atrium Asia Investment Management (AAIM) SGD1.9m for violating anti-money laundering and countering terrorism financing (AML/CFT) rules. MAS said AAIM processed suspicious, unusually large transactions with third parties without proper verification and lacked internal procedures to assess customers’ risk levels. The firm’s CEO, Mintarja Oei, was reprimanded for failing to ensure compliance with AML/CFT standards. MAS found multiple breaches from 2015 to 2020, including the failure to identify politically exposed persons and maintain updated records of beneficial owners. Following MAS’s inspection, AAIM implemented remedial measures to address the deficiencies. The company focuses on investments in Indonesia and Singapore and operates under Atrium Asia Capital Partners.