Monetary Authority of Singapore

AML / KYC

MAS Issues Additional Guidance on Managing Sanctions Risk

By Manesh Samtani | 31/08/2023

The guidance covers board and senior management responsibilities and the use of look-back reviews of past transactions.

AML / KYC

Singapore AML Probe Expands to Precious Metals, Property Agents

By Manesh Samtani | 29/08/2023

MinLaw urged precious metals dealers to review their transactions and business relationships. The Council for Estate Agencies is investigating property agents.

Fintech / Regtech

OCBC Suffers Near Four-hour Bank Service Outage

By Editors | 28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

MAS Enhances Safeguards for Vulnerable Advice Customers

By Manesh Samtani | 28/08/2023

Financial advisory firms have to identify vulnerable customers, conduct pretransaction checks, and ask a “trusted individual” to be present during the sales and advisory process.

Market Infrastructure

Vietnam Joins ASEAN Payment Connectivity Initiative

By Sanday Chongo Kabange | 28/08/2023

The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.

Capital / Liquidity

Bank AT1 Capital: Going Where?

By Jamie Lloyd Evans | 27/08/2023

Regulation Asia contributor, Jamie Lloyd Evans, explores the possibility of a policy change on AT1 capital in light of recent banking system distress.

Crypto / Digital Assets

Trend of Rising Crypto Scams Seen In A&A Blockchain Case

By Ranamita Chakraborty | 23/08/2023

Industry experts spoke to Regulation Asia about crypto scams in the context of charges brought against four A&A Blockchain executives who scammed 12 individuals into investing in a crypto mining scheme.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

By Sanday Chongo Kabange | 21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

Securities / Derivatives

Abaxx Seeks to Launch World’s First Nickel Sulphate Futures in Singapore

By Mark Johnston | 21/08/2023

Nickel sulphate is a key ingredient of EV batteries. The launch of the new futures contract is subject to review by MAS.