Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.
October 3, 2022IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.
August 18, 2022The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
June 3, 2022The six-month operation led to 585 arrests, more than 1,600 bank account freezes, and the interception of USD 83 million in illicit funds.
June 2, 2021A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.
May 12, 2021Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.
May 28, 2018Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.
May 23, 2018Exchange consultation proposes move to T+2 settlement, simultaneous securities, money settlement in bid to prevent systemic risk.
November 30, 2017Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.
November 2, 2017Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.
October 11, 2017