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MAS

On 13 May, the Monetary Authority of Singapore issued its market-segment specific "GUIDELINES ON PREVENTION OF MONEY LAUNDERINGAND COUNTERING THE FINANCING OF TERRORISM-DIRECT GENERAL INSURANCE BUSINESS,REINSURANCE BUSINESS, ANDDIRECT LIFE INSURANCE BUSINESS (ACCIDENT & HEALTH POLICIES)". Here are ten key phrases.

BIScom Subsection: 

In July last year, we said Malaysia needs to review Malaysia Airlines - Boeing deal because of political issues. Now, there's another reason to look at it.

CoNet Section: 

Media Release : issued 24/09/2018 20:59

The Monetary Authority of Singapore (MAS) today published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre.

BIScom Subsection: 

It takes something of a cheek to solicit investment in a fraudulent scheme and to publish a website with comments falsely attributed to the Chairman of the Monetary Authority of Singapore who also happens to be the country's deputy prime minister. But as MAS has warned, that's exactly what someone is doing...

The Monetary Authority of Singapore (MAS) yesterday issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. These requirements will help FIs strengthen their cyber resilience and guard against cyber attacks, says MAS.

BIScom Subsection: 

The Monetary Authority of Singapore has made a surprising change to the way in which Regulations are published, making the MAS website, and not paper documents, the source of record.

BIScom Subsection: 

The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) advise the public to exercise extreme caution when dealing with unregulated online trading platforms. Has World Investors Stock Exchange (WISE) rebooted?

BIScom Subsection: 

The Monetary Authority of Singapore (MAS) announced today that it has issued prohibition orders (POs) against six individuals for the mis-selling of investment products. The individuals are:

BIScom Subsection: 

The Monetary Authority of Singapore has today announced that it has made prohibition orders against a former Goldman Sachs director and plans to make orders against three other persons as a result of their involvement in the 1MDB scandal.

Following the closure of BSI Bank Limited for persistent and senior failures in money laundering controls and failures to comply with regulatory failures (http://www.financialcrimerisko...) MAS has named the six bankers it has referred to the Public Prosecutor for investigation as to possible criminal offences. MAS has also served notice of financial penalty on the bank.

 


 

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