Monetary Authority of Singapore

    AML / KYC

    MAS Consults on Proposed AML Notices for Foreign Offices, FRCs

    By Manesh Samtani | 12/05/2021

    MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.

    Securities / Derivatives

    Philippine SEC Joins ASEAN Framework for Cross-border Funds

    By Editors | 12/05/2021

    Regulators from Singapore, Malaysia and Thailand – already part of the initiative – have signed a supplemental MoU admitting the Philippine SEC into the CIS framework.

    Market Infrastructure

    Technology Skills in Short Supply in Financial Sector: Menon

    By Ranamita Chakraborty | 11/05/2021

    A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.

    Enforcement

    MAS Issues 10-Year Ban Against Individual for Dishonest Conduct

    By Editors | 10/05/2021

    The individual carried out fund management activities without holding a capital markets services licence, and later convicted of cheating and imprisoned.

    Market Infrastructure

    MAS Issues Revised Corporate Governance Guidelines for FIs

    By Manesh Samtani | 09/05/2021

    The guidelines provide good practices that financial institutions should observe in relation to their corporate governance and remuneration frameworks.

    Fintech / Regtech

    MAS Launches FinTech Hackcelerator Focused on Green Finance

    By Editors | 06/05/2021

    Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.

    Fintech / Regtech

    Regulatory Reporting Lessons from Singapore and Australia

    By Editors | 04/05/2021

    MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

    AML / KYC

    Data Analytics Becoming Embedded at Singapore FIs

    By Manesh Samtani | 02/05/2021

    The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.

    Fintech / Regtech

    MAS Launches RegTech Grant Scheme, Enhances DAG Scheme

    By Editors | 01/05/2021

    The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.

    Fintech / Regtech

    MAS to Explore Options for Connecting m-CBDC Platforms

    By Sanday Chongo Kabange | 30/04/2021

    MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.

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