MONETARY AUTHORITY OF SINGAPORE

    AML / KYC

    Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime

    By Karl Seagrave | 03/04/2019

    Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.

    Market Infrastructure

    EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

    By Editors | 01/04/2019

    The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

    Market Infrastructure

    The MAS Approach to Cultivating Ethical Culture in Banking

    By Manesh Samtani | 29/03/2019

    MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.

    Enforcement

    Singapore Charges Three for Spoofing Index Futures

    By Editors | 28/03/2019

    In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.

    AML / KYC

    MAS Details Enforcement Outcomes, Priorities in Inaugural Report

    By Manesh Samtani | 20/03/2019

    The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.

    Market Infrastructure

    MAS Publishes Finalised Mandatory Trading Regulations for Derivatives

    By Kai Loon Loh | 19/03/2019

    Kai Loon Loh and Patrick Phua at global law firm Ashurst sum up the key takeaways from the MAS response to consultative feedback and the now-finalised mandatory trading regulations.

    Market Infrastructure

    For Cybersecurity Best Practice, Look to the Finance Industry

    By Pieter Danhieux | 14/03/2019

    Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.

    Market Infrastructure

    MAS, CFTC Agree to Mutually Recognise Derivatives Venues

    By Editors | 14/03/2019

    The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.

    AML / KYC

    Anarchy in the UK’s Sanctions Regime

    By Eric A. Sohn | 13/03/2019

    In light of the OFSI’s recent fine on Raphaels Bank, Eric Sohn at Dow Jones Risk & Compliance looks at other seemingly outsized penalties, and what they could mean.

    Big Picture

    MAS’ Ravi Menon on Blockchain Misconceptions – Speech

    By Manesh Samtani | 11/03/2019

    In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.

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