Monetary Authority of Singapore

    ESG / Sustainability

    MAS to Issue New Anti-Greenwashing Rules for ESG Funds

    By Manesh Samtani | 31/01/2022

    Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.

    Fintech / Regtech

    Evolving AI Risks and Regulations in Singapore and the EU

    By Peiying Chua | 31/01/2022

    Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

    AML / KYC

    COSMIC Will Yield Significant and Far Reaching Benefits

    By Jamil Ahmed | 26/01/2022

    Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.

    AML / KYC

    ‘Focus on Fundamentals’ Could be Financial Crime Achilles Heel

    By Bradley Maclean | 26/01/2022

    New research suggests more meaningful financial crime prevention may be achieved with targeted investments in higher risk areas.

    Fintech / Regtech

    Singapore, Indonesia to Deepen Cooperation on Payments, AML

    By Editors | 22/01/2022

    MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

    AML / KYC

    MAS Fines Vistra Trust for Failures in AML Controls

    By Editors | 20/01/2022

    Vistra failed to identify certain higher risk accounts and to subject these accounts to EDD measures, both during account acquisition as well as on an ongoing basis.

    AML / KYC

    MAS, ABS Announce Measures to Bolster Online Banking Security

    By Editors | 20/01/2022

    Singapore banks will put in place the more stringent measures within the next two weeks, and work on more permanent solutions in the coming months.

    NGFS Appoints Ravi Menon to Serve as New Chair

    By Mark Johnston | 18/01/2022

    Menon will serve a two-year term as chair of the NGFS, succeeding the ECB’s Frank Elderson. Deutsche Bundesbank’s Sabine Mauderer will serve as vice-chair.

    Fintech / Regtech

    Crypto Firms Should Not Advertise to Retail Customers: MAS

    By Mark Johnston | 18/01/2022

    New guidelines say crypto firms should refrain from advertising their services in public areas in Singapore or via social media influencers.

    Fintech / Regtech

    MAS Grants RMO Licence to Digital Asset Platform ECXX

    By Editors | 17/01/2022

    ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

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