Monetary Authority of Singapore

Fraud, Scams & Cybercrime

MAS Issues 12yr Ban Against Former Manulife Agent

By Nithya Subramanian | 23/04/2024

The former agent was convicted last August for deceiving 25 victims to transfer more than S$1.2mn for fictitious investments.

Sustainable Finance

Plugging Risk Gaps Key to Scaling Blended Finance: MAS

By Nithya Subramanian | 22/04/2024

Blended finance volumes have been flat over the past five years. Hence structuring and right-sizing risks are essential to scaling up, said Gillian Tan.

Fraud, Scams & Cybercrime

MAS Bans Former Prudential Representative for 8 Years

By Nithya Subramanian | 19/04/2024

The former insurance agent used client funds for personal expenses rather than to pay the client’s premiums.

Sustainable Finance

Singapore to Raise $5b for Blended Finance Initiative: MAS

By Nithya Subramanian | 19/04/2024

MAS Managing Director Chia Der Jiun said blended finance will be a primary vehicle to de-risk climate transition projects.

Sustainable Finance

MAS Unveils 3yr Plan to Upskill Sustainable Finance Workforce

By Nithya Subramanian | 18/04/2024

MAS is setting aside S$35mn to support upskilling and reskilling and develop specialists in sustainable finance over the next three years.

Fraud, Scams & Cybercrime

Singapore Banks Averted S$72.7m in Scam Losses in 2023: ABS

By Nithya Subramanian | 17/04/2024

The ABS has also launched a mascot design competition to encourage wider participation in the ongoing fight against scams.

Fraud, Scams & Cybercrime

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.

Cybersecurity

MAS, Mastercard Agree to Cooperate on Cybersecurity

By Editors | 10/04/2024

The MoU covers intelligence sharing and joint analysis of cyber threats impacting financial services as well as competency-building activities.

Payments & Settlements

MAS Grants Major Payment Institution Licence to TerraPay

By Nithya Subramanian | 08/04/2024

The licence enables TerraPay to offer account issuance, money transfer, merchant acquisition, and e-money issuance services.