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Monetary Authority of Singapore (MAS)
Anti-money laundering
Singapore asks banks to probe dealings with laundering suspects
MAS sent a note to the compliance heads of all financial firms to examine any suspicious or unusual transactions.
September 08, 2023
Fintech
Institutional digital asset exchange AsiaNext receives RMO licence from MAS
AsiaNext caters exclusively to family offices, asset managers and other institutions.
September 07, 2023
Singapore economy
Singapore economy now projected to grow by just 1.0% in 2023: MAS survey
The latest estimate stands lower than the previous forecast of 1.4% in the previous survey earlier this year in June.
September 06, 2023
1MDB Watch
MAS bans former Goldman Sachs (Singapore) MD Roger Ng for life
The prohibition orders from MAS took effect from Sept 5.
September 05, 2023
New appointments
MAS appoints Chia Der Jiun as new managing director
Chia will become the MD (designate) from Nov 1 to Dec 31. He will then become the MD on Jan 1, 2024.
September 04, 2023
Anti-money laundering
Deutsche Bank is creditor to alleged launderers’ Singapore firm
Deutsche Bank is the latest lender to be embroiled in the scandal.
August 23, 2023
Singapore economy
Headline inflation falls to 4.1% while core inflation declines to 3.8% on y-o-y basis in July
On a m-o-m basis, core inflation rose by 0.2% while headline inflation fell by 0.2%.
August 23, 2023
Wealth
MAS launches public consultation to strengthen defence against money laundering risks in single family offices
Interested parties are invited to submit their comments to MAS by Sept 30.
July 31, 2023
Singapore news
MAS to eliminate corporate cheques by 2025; banks to start charging for cheques
A second public consultation will be conducted in 2024 to set out the initiatives and timeline to eliminate cheques in the system.
July 28, 2023
Singapore economy
Singapore’s headline inflation down to 4.5%, core inflation down to 4.2% in June (update)
On a m-o-m basis, headline inflation rose by 0.5% while core inflation increased by 0.2%.
July 24, 2023