Monetary Authority of Singapore

AML / KYC

MAS Encourages Fintech Use for KYC, AML Checks

By Garima Chitkara | 08/02/2018

Monetary Authority of Singapore says technology-based customer due diligence could increase the quality of risk management for financial institutions.

Market Infrastructure

Singapore, Malaysia Unveil Plans for Cross Border Stock Trading Link

By Manesh Samtani | 07/02/2018

Link to be operational by year-end; will enable cross-border trading, clearing, settlement of shares between SGX and Bursa Malaysia.

AML / KYC

Real Estate and Trade Finance – The New AML Battlegrounds

By Samuel Riding | 25/01/2018

After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.

Enforcement

Singaporean Jailed for 4 Months for ‘False Trading’

By Editors | 24/01/2018

Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.

AML / KYC

MAS to End Pre-Approval Requirement for Non-Face-to-Face KYC

By Samuel Riding | 17/01/2018

Regulator says money changers, remittance firms don’t need pre-approval for video-onboarding and other tech, but must have non-face-to-face procedures audited.

Crypto / Digital Assets

MAS in Talks with Blockchain Firm Ripple on Cross Border Payments

By Manesh Samtani | 15/01/2018

Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.

AML / KYC

Singapore to Enforce AML/CTF Rules on Cryptocurrency Intermediaries

By Garima Chitkara | 10/01/2018

Deputy prime minister says no major AML lapses have been found at Singapore banks when asked about ‘Russian Laundromat’ probe.

Capital / Liquidity

Singapore Proposes Changes to Large Exposure Rules

By Garima Chitkara | 08/01/2018

MAS to impose large exposures limit of 25 percent of tier 1 capital on any counterparty or single counterparty group; will include large exposures to banks.

Capital / Liquidity

MAS to Expand Range of Eligible Collateral to Include Commodities for IRB Banks

By Editors | 21/12/2017

Banks using internal ratings for credit risk under Basel guidelines will be allowed to have commodities as physical collateral.