The banks were deceived regarding true beneficial ownership in their decision to open bank accounts between 2014 to 2017.
The new group will coordinate MAS’ green finance and sustainability agenda to strengthen the financial sector’s resilience against environmental risks.
MAS will extend the funding duration from 3 to 6 months for the overseas component of its Finance Associate Management Scheme starting next year.
Firms coming into scope on 1 October need to quickly complete onboarding and test their reporting to DTCC's Singapore trade repository.
A Standard Chartered subsidiary will hold 60 percent of the digital banking venture under a licence obtained from MAS in December.
The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.
Binance Asia Services, which operates Binance.sg, is a "distinct entity" and may still operate under an exemption while its licence application is under review.
The research institute has led efforts to develop a federated learning platform for SME credit analytics that is expected to launch by year-end.
Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.
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