Sembcorp Marine files suspicious transaction report after Brazil bribery probe

Singapore-based offshore drilling rig constructor Sembcorp marine has filed “a suspicious transaction report“ to the Singapore police following last week’s police raid of its subsidiary’s offices in Brazil as part of a bribery probe.

Companies in Singapore are required to file a Suspicious Transaction Report if they have reasonable grounds to suspect that any of their properties may be connected to criminal activity, and failure to file an STR may constitute a criminal offense.

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