The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
April 15, 2021Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
April 9, 2021The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan's crypto industry.
April 7, 2021MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
March 29, 2021Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.
March 22, 2021The project will study issues such as de-risking, financial exclusion, the suppression of the NPO sector and threats to fundamental human rights.
March 18, 2021Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.
March 18, 2021Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.
March 13, 2021The guidance includes practical advice to address common challenges in risk-based supervision, including examples of strategies for supervising DNFBPs and VASPs.
March 8, 2021Property Brokers Limited is required to take immediate action to rectify all areas of non-compliance and will continue to be closely monitored by DIA officials.
March 2, 2021