BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.
The former bank officer recruited nominee directors to set up shell companies and open bank accounts for use by unidentified individual based overseas.
With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.
Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.
The ETF will list on SGX on 14 November, providing Singapore retail investors access to Shenzhen's ChiNext market.
The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.
DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.
A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.
All non-registered SMS sender IDs after 31 Jan 2023 will be channelled to a sender ID with the header "Likely-SCAM".
MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.
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