Monetary Authority of Singapore

Fraud, Scams & Cybercrime

Singapore Court Jails Director for Wirecard-related Breach of Duty

By Ranamita Chakraborty | 08/02/2024

The Singaporean national signed letters to Wirecard AG stating various bank account balances, without verifying those balances.

Anti-Money Laundering

Singapore: ACIP Issues AML/CFT Guidance to Address CSP Risks

By Nithya Subramanian | 07/02/2024

New ACIP paper offers recommendations for banks that receive customer referrals from corporate service providers.

Conduct, Culture & Accountability

MAS Proposes Simplify Data Collection Rules for Insurance Sales

By Nithya Subramanian | 05/02/2024

The proposals will streamline financial planning and allow consumers to meet their protection needs more easily, MAS said.

Anti-Money Laundering

Samlit Moneychanger Sued After China Police Freezes Funds: Report

By Nithya Subramanian | 29/01/2024

While three Chinese nationals working in Singapore alleged breach of agreements and sought compensation. Samlit said it fulfilled all its obligations.

Sustainable Finance

Singapore Launches New Association to Drive Sustainable Finance Collaboration

By Ranamita Chakraborty | 25/01/2024

The Singapore Sustainable Finance Association aims to support the low-carbon transition and sustainable economic growth in the APAC region.

Cryptocurrency

Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

By Nithya Subramanian | 22/01/2024

Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

Cryptocurrency

Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS

By Editors | 19/01/2024

Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

AI Risk & Governance

AI Tightrope: Striking the Balance Between Rapid Deployment and Safety

By Ranamita Chakraborty | 16/01/2024

Experts weigh in on safety considerations for AI deployment amid a lack of specific regulation, especially for the financial sector.

Fraud, Scams & Cybercrime

Singapore Police Using RPA Tech to Disrupt Scams

By Editors | 12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.