Monetary Authority of Singapore

Fintech / Regtech

APAC Central Banks Explore Common Protocol for Regulatory Policy

By Manesh Samtani | 05/10/2023

Project Mandala will be run by BIS Innovation Hub Singapore Centre, along with the RBA, BOK, BNM and MAS, with collaboration from FIs.

Crypto / Digital Assets

UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore

By Editors | 04/10/2023

The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.

AML / KYC

MAS Sheds Light on Use of AI in Supervisory Activities

By Sanday Chongo Kabange | 04/10/2023

MAS is using AI tools to identify market collusion, manipulation, mis-selling by financial advisers, and networks of suspicious activity in Singapore’s financial system.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Ripple

By Editors | 04/10/2023

Ripple received its in-principle approval from MAS just four months ago in June 2023. Singapore is the company’s Asia Pacific headquarters.

AML / KYC

Singapore Unveils Planned Measures to Strengthen AML Regime

By Manesh Samtani | 04/10/2023

The government will set up an inter-ministerial committee to review the AML regime and consider tightening rules for luxury goods, family offices and immigration.

Fintech / Regtech

Operational Resilience, Skills Key to Banks’ Technological Sophistication – MAS

By Jill Wong | 03/10/2023

The MAS’s Vincent Loy highlights the operational challenges facing banks as they seek to build technology skills and sophistication.

Enforcement

Three Arrows Capital Co-Founder Jailed in Singapore

By Mark Johnston | 03/10/2023

The co-founder was jailed for not cooperating with the liquidator’s effort to recover funds to return to the creditors of the collapsed hedge fund.

Fintech / Regtech

MAS Querying DBS Regarding Disruption of Payment Services

By Mark Johnston | 03/10/2023

MAS is following up with DBS to identify the root cause of a disruption to the bank’s FAST and PayNow services last week.

Crypto / Digital Assets

Coinbase, Sygnum, GSR Win New Approvals in Singapore

By Manesh Samtani | 03/10/2023

Coinbase and Sygnum Singapore obtained full Major Payment Institution licences. GSR Markets Pte Ltd received in-principle approval.