Monetary Authority of Singapore

MAS fines Vistra Trust (Singapore) $1.1m for failures in its AML/CFT controls

VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
1 day ago

MAS fines Vistra Trust (Singapore) $1.1m for failures in its AML/CFT controls

VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
1 day ago

Singapore launches new measures to bolster digital banking security

Banks are asked to remove links in emails and SMS sent to customers.
1 day ago

Cryptocurrency ATMs close down in Singapore following MAS clampdown: report

Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
2 days ago

New COVID outbreak, inflation, rising interest rates pose risks to Singapore’s financial stability: MAS

Banks should have enough buffers and find climate transition risks manageable.

IBF, MAS launch new skills maps for family office professionals

The new skills maps serve as a resource for training providers and financial institutions to design family office-related training.

DBS’ suffers digital bank service glitch; MAS mulls taking supervisory action

DBS Country Head Shee Tse Koon has apologised for the disruptions.

Cuscaden Scheme acquires MAS, IMDA regulatory nod

This moves the consortium closer to the takeover of SPH.

Olam launches end-to-end carbon management platform

It will support MAS' sustainability agenda.

Singapore: Yes to wholesale, skeptical on retail digital fiat money

SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.

MAS proposes four ways financial services can keep their data secure

MAS is paying close attention to rising cases of ransomware and cybersecurity attacks.

Banking on trust – addressing the triple threat of ransomware, regulatory compliance, and consumer confidence

The recent ransomware attack on an insurance company in Singapore has underscored the cyber threats confronting financial institutions.

SGD NEER likely to be supported in MAS’ MPS - HSBC

The policy is expected to normalize in April 2022. 

Singapore, Malaysia to link real-time payment systems PayNow, DuitNow

Remittances between the two countries reached S$1.3b in 2020.

Singapore, India to link PayNow, UPI payment systems by mid-2022

Fund transfers from India to Singapore will only need mobile phone numbers.

MAS: Green finance needs to scale up

MAS Managing Director Ravi Menon talked about the missing components in making green finance work effectively.