Update 20 Dec 2017 - MAS issued Prohibition Orders to Mr Yeo Jiawei and Mr Kevin Scully and has been updated below. SINGAPORE - The central bank of Singapore, Monetary Authority of Singapore (MAS), announced that it had concluded its review of transactions relating ... Read More →
Singapore
1 in 5 banks in Asia Pacific says tax evasion will double: Survey
Singapore - A recent poll conducted by data analytics firm FICO revealed that one in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 percent over last year's levels. Additionally, a further one in five senior fraud managers surveyed ... Read More →
Singapore’s MyInfo now used by banks, ease KYC process
As part of Singapore’s initiative towards being a Smart Nation by leveraging technology to serve the nation better, MyInfo, a consent-based identity profile platform for Singaporeans or permanent residents, was launched by the Government Technology Agency (GovTech) and ... Read More →
Singapore forms new AML/CFT partnership with MAS, CAD and eight banks
Singapore's financial regulator, Monetary Authority of Singapore (MAS), and the financial intelligence unit of Singapore, Commerical Affairs Department (CAD) of the Singapore Police Force, announced the launch of a government-industry partnership to ramp up efforts in ... Read More →
Summary of Singapore’s FATF Mutual Evaluation
Singapore's mutual evaluation with the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) recently concluded on September 2016 and here are the summarised results. Rating Methodology Immediate Outcomes (I.O) represents the ... Read More →
