ADVERTISEMENT
Monetary Authority of Singapore
Anti-Money Laundering
MAS Working to Standardise AML Programmes Across FIs
By Nithya Subramanian | 19/07/2024
MAS intends to engage the industry to “set a clearer waterline of practices” and ensure AML requirements are implemented “more evenly” across the sector.
Cybersecurity
MAS Sets Out Priorities to Build Financial Sector Capabilities
By Nithya Subramanian | 19/07/2024
MAS will focus on developing resilient digital financial services, fair dealing, and new capabilities in sustainability, AI and quantum technology.
Tokenisation
Moody’s Joins MAS’ Project Guardian in Fixed Income Workstream
By Nithya Subramanian | 18/07/2024
The ratings agency aim is to enhance transparency, reduce systemic risk and promote the growth of the tokenisation industry.
Anti-Money Laundering
MAS: FIs Should Conduct Enterprise-Wide ML/TF Risk Assessments
By Nithya Subramanian | 17/07/2024
The Singapore regulator has asked FIs to integrate insights from the recently published ML and TF national risk assessments.
Anti-Money Laundering
Singapore to Develop Standards for SoW Checks by Banks
By Editors | 10/07/2024
MAS has reportedly formed a group that will work to develop standards for account opening and source of wealth checks by year-end.
Fraud, Scams & Cybercrime
Singapore Banks to Phase Out Use of OTPs for Account Login
By Editors | 09/07/2024
MAS and ABS said the phase-out of OTPs will make it harder for scammers to fraudulently access customer accounts and funds.
Climate Risk
MAS Releases Annual Sustainability Report
By Nithya Subramanian | 05/07/2024
Financial institutions can find significant opportunities by channeling capital into green and transition technologies, said MAS Chairman, Gan Kim Yong.
Market Abuse
Singapore Jails Former Fund Manager for Deceptive Conduct
By Editors | 04/07/2024
Sun Weiyeh is the first to be convicted under the SFA for fraudulent or deceptive conduct relating to OTC bond trading.
Market Abuse
MAS Fines GSG Capital Director for Insider Trading
By Editors | 04/07/2024
The sole shareholder and director of GSG Capital bought shares in SGX-listed GS Holdings while in possession of material non-public information.
Anti-Money Laundering
Singapore Withdraws Tax Incentives for SFOs in Money Laundering Case
By Nithya Subramanian | 03/07/2024
The total value of assets forfeited from convicted individuals with links to SFO funds far exceeds any tax benefits, said Gan Kim Yong.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.