Monetary Authority of Singapore

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    AML / KYC

    MAS Proposes to Require Market Operators to Conduct AML/CFT Checks

    By Nithya Subramanian | 01/04/2024

    The checks would have to be performed on non-FI market participants that trade directly on organised markets without going through capital market intermediaries.

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    AML / KYC

    ‘COSMIC’ Information Sharing Platform Launches in Singapore

    By Editors | 01/04/2024

    COSMIC allow banks to share information on suspicious customers or transactions to help detect and prevent financial crime.

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    AML / KYC

    Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

    By Manesh Samtani | 30/03/2024

    New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

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    AML / KYC

    MAS Extends Suspension on “Non-Specified Channels” for China Remittances

    By Ranamita Chakraborty | 30/03/2024

    Since the initial suspension in December, MAS has not received reports of remittances to China being frozen.

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    Crypto / Digital Assets

    UK Proposes Two New Use Cases for Fund Tokenisation

    By Manesh Samtani | 29/03/2024

    Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

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    Crypto / Digital Assets

    MAS to Clarify Regulatory Treatment of Tokenised Funds

    By Ranamita Chakraborty | 28/03/2024

    MAS is reviewing its regulatory framework to ensure it addresses the legal and regulatory implications of tokenised funds.

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    ESG / Sustainability

    Gprnt, Ant International Partner to Support MSME Sustainability Reporting

    By Ranamita Chakraborty | 28/03/2024

    The partnership is part of a new industry initiative known as ‘Programme Sirius’, which aims to help MSMEs in their transition towards sustainability.

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    ESG / Sustainability

    Former MAS Chief Takes on Role as Ambassador for Climate Action

    By Ranamita Chakraborty | 28/03/2024

    Ravi Menon was the longest-serving managing director at MAS where he spearheaded initiatives in green finance, transition financing and blended finance.

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    AML / KYC

    MAS Requiring Family Office Applicants to Respond to Queries Faster

    By Ranamita Chakraborty | 27/03/2024

    A 30-day deadline is being reportedly imposed for responses to queries from the regulator. Late responses could result in application dismissal.

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    AML / KYC

    Top HK Official Addresses Frozen Remittances in Mainland China

    By Editors | 21/03/2024

    94 of 161 cases of frozen remittances from 2023 have been resolved as a result of the Customs and Excise Department’s intervention and bilateral negotiation.

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