Singapore Police have collaborated with over 20 FIs to reduce the time it takes to freeze bank accounts with suspected links to scammers.
Three former remisiers and one former insurance agent were banned following convictions connected to false trading in Catalist-listed Koyo International.
The paper looks at possible risks to FIs in the areas of operations, technology, information security, fraud, staff misconduct, among others.
The platform will help SGX listed companies to efficiently manage their sustainability disclosures, make them more transparent, and improve overall ESG performance in the long run.
The former insurance broker was banned for unauthorised selling of general insurance when he was only licensed to sell life policies.
Last March, the suspect used the identity of a legitimate company to advertise and sell surgical masks and hand sanitisers that were never delivered.
MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.
SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.
MAS proposes to enhance the current requirements relating to enterprise risk management, investment risk management and disclosure practices.
Envy Asset Management and Envy Global Trading are suspected of using investors’ funds to finance nickel trading activities. Both have had their bank accounts frozen.
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