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The Start of Financial Transparency Corridor (FTC) Initiative between Singapore and Cambodia 

The FTC is a consent-based digital infrastructure and network between financial institutions in Singapore and Cambodia, that aims to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises in Singapore and Cambodia.    

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BIS Innovation Hub and Monetary Authority of Singapore Develop Blueprint for a Climate Risk Platform for Financial Authorities 

Through Project Viridis, BIS and MAS have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.    

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MAS Expands Application of Fair Dealing Guidelines to All Financial Institutions and All Products and Services 

MAS issued an updated set of Guidelines on Fair Dealing. A key change is that the scope of the Guidelines has been expanded to apply to all financial institutions, and all products and services they offer to their

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Singapore Issues Environmental Crimes Money Laundering National Risk Assessment 

Singapore published today an Environmental Crimes Money Laundering (ML) National Risk Assessment which identifies the key threats and vulnerabilities in environmental crimes ML that Singapore is exposed to, and outlines mitigation measures which government agencies, financial institutions and

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Data Governance and Management Practices 

MAS conducted thematic inspections on data governance and management framework of selected banks, with a focus on data quality. The paper sets out MAS’ supervisory expectations in this area, and includes good practices that banks and finance companies

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MAS Bans Three Individuals for Obstructing Course of Justice, Falsification of Records and Providing False Information to MAS 

MAS has issued prohibition orders against Ms Yuen Pui Leng Eunice and Ms Tan Zhen Zhi, Grace, following their conviction for offences under the Financial Advisers Act. A prohibition order and a stern warning in lieu of prosecution

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