The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.
Rohaiza Alap provided 25 bank accounts to scammers to launder S$2mn out of Singapore. She also recruited others to act as money mules.
Lim Huey Ching instructed a Hin Leong employee to ensure deleted items could not be recovered and to permanently dispose of server backups.
MAS has clarified that notices have been issued to several applicants and that "in-principle approval" is not an official term.
The new platform will help founder entrepreneurs avoid dilution of share equity in their companies' initial stages of development.
Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.
BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.
Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.
The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
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