Monetary Authority of Singapore

ESG / Sustainability

Singapore to Consult Again on Green Taxonomy – Report

By Editors | 01/06/2023

MAS plans to issue a new consultation in the coming weeks to include additional criteria on coal phase-out in the taxonomy.

Fintech / Regtech

MAS to Enhance Generative AI Capabilities via Google Partnership

By Editors | 01/06/2023

The collaboration will enable MAS will develop its own generative AI capabilities and “inspire greater adoption” of the technology in the financial sector.

Enforcement

MAS Bans Former StanChart Adviser Following Forgery Conviction

By Editors | 31/05/2023

The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

Fintech / Regtech

Cambodia’s Sathapana Bank Signs Up For AI Platform

By Karen Ng | 29/05/2023

Artificial intelligence is being used by banks to assess the credit risk of borrowers.

AML / KYC

MAS Issues Guidance on Mitigating Terrorism Financing Risks

By Manesh Samtani | 28/05/2023

The guidance says money remittance services, banks, DPT service providers, precious stone and metals dealers, and non-profit organisations are vulnerable to TF threats.

ESG / Sustainability

Singapore: ESG Registry Upgraded to Provide Better Data, Analytics

By Ranamita Chakraborty | 26/05/2023

ESGpedia platform updated to provide greater data coverage, enhanced solutions and analytics, and assessment tools.

ESG / Sustainability

Singapore Launches Sustainable Finance Training for Asset Managers

By Ranamita Chakraborty | 25/05/2023

IMAS is introducing sustainable finance training courses to enhance capacity building within the asset management industry.

AML / KYC

MAS Bars Insurance Agent for 8 Years After Corruption Conviction

By Editors | 24/05/2023

The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.

Fintech / Regtech

MAS Launches AI & Data Analytics Talent Development Programme

By Editors | 23/05/2023

MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.