Monetary Authority of Singapore

Tokenisation

Citi and Fidelity International Announce PoC of On-chain MMF

By Editors | 04/11/2024

The solution, a tokenised MMF with an embedded digital FX swap, can “enable faster, seamless management of treasury positions, eliminate delays and improve efficiency”.

Anti-Money Laundering

Accenture Highly Commended for Fraud & Financial Crime Advisory

By Editors | 04/11/2024

Accenture was Highly Commended in the Fraud & Financial Crime Programme Advisory Firm of the Year category at the 7th Regulation Asia Awards for Excellence 2024.

AI Risk & Governance

Accenture Receives High Commendation for Contribution to Regulatory Reforms

By Editors | 04/11/2024

Accenture was Highly Commended in the Outstanding Contribution to Regulatory Reforms category in the 7th Regulation Asia Awards for Excellence 2024.

AI Risk & Governance

Accenture Named Banking Advisory Firm of the Year at 2024 Regulation Asia Awards

By Editors | 04/11/2024

Accenture was awarded the Banking Advisory Firm of the Year at the 7th Regulation Asia Awards for Excellence 2024.

Tokenisation

MAS Unveils New Initiatives to Promote Tokenisation in Financial Services

By Nithya Subramanian | 04/11/2024

The initiatives include establishing a multi-member network to help FIs commercialise their tokenisation trials and providing access to a SGD wCBDC for market testing purposes.

Anti-Money Laundering

MAS Publishes Findings from Recent AML Inspections at FIs

By Manesh Samtani | 03/11/2024

The new information paper addresses customers with multiple nationalities, source of wealth establishment, and post-STR risk mitigation measures, among other areas.

Market Abuse

Former Dealer Jailed for Manipulating Singapore-listed Stocks

By Editors | 02/11/2024

The former dealer spoof the market 215 times between August 2020 and March 2021, resulting in over SGD 250,000 in illicit gains.

Cryptocurrency

MAS Grants In-Principle Approval to Crypto Firm Gemini

By Nithya Subramanian | 01/11/2024

The licence will allow Gemini to provide cross-border money transfers and digital payment token services in Singapore.

Anti-Money Laundering

Singapore Publishes National Anti-Money Laundering Strategy

By Nithya Subramanian | 30/10/2024

The new national AML strategy expands on a 2016 policy statement and introduces three building blocks and three supporting pillars to improve Singapore’s AML framework.