Monetary Authority of Singapore

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.

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.

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.

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.

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.

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.

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.

Crypto / Digital Assets

Grab Introduces Crypto Payments for Singapore Customers

By Ranamita Chakraborty | 20/03/2024

Grab’s new partnership with payments provider Triple-A allows it to offer wallet top-up option using Bitcoin, Ether, XSGD, USDC, and USDT.

MAS to Release Revised Fair Dealing Guidelines for FIs Soon

By Nithya Subramanian | 19/03/2024

The updated guidelines will apply in a “risk proportionate manner” and ensure that customers are treated fairly, said MAS’ Ho Hern Shin.