Monetary Authority of Singapore
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News
Singapore’s financial system remains resilient, but MAS warns of rising global risks
SINGAPORE: Domestic financial markets have been resilient, while global risks such as macroeconomic uncertainty and geopolitical conflicts remain elevated, the…
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Bookings to collect fit-for-gifting notes for Chinese New Year to start from Jan 7
“To protect customers from phishing scams, banks will not send any SMS messages with clickable links to customers,” said MAS.…
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News
Former UOB employee who cheated victims of over S$1 million gets 14-year prohibition orders
SINGAPORE: The Monetary Authority of Singapore (MAS) on Tuesday (Nov 26) issued 14-year prohibition orders to a former UOB employee,…
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News
Shopping on Qoo10 effectively halted as MAS orders e-commerce platform to suspend payment services
SINGAPORE: E-commerce platform Qoo10 has been ordered by the Monetary Authority of Singapore (MAS) to suspend the provision of all…
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News
At least S$2.6 million lost to scammers impersonating MAS officers this year
SINGAPORE: The Singapore Police Force (SPF) and Monetary Authority of Singapore (MAS) on Thursday (Dec 21) warned of a scam variant involving…
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Asia
Singapore acts to address cases of frozen remittances in China worth S$13 million
SINGAPORE: The Monetary Authority of Singapore (MAS) on Monday (Dec 18) instructed remittance companies here to use only banking and…
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News
Consultation paper on equitable sharing of scam losses to be published in October 2023
DETERMINING RESPONSIBILITY A “DIFFICULT ISSUE” In his reply, Mr Tan said determining responsibility for scam losses was a “difficult issue”.…
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News
MAS fines DBS, OCBC, Citibank, Swiss Life S$3.8 million for breaches linked to Wirecard case
OCBC CUSTOMER IMPLICATED MAS fined OCBC S$600,000 for breaches between June 2015 and January 2016, relating to accounts maintained by…
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News
UBS, Credit Suisse operations in Singapore will not be interrupted by completion of takeover: MAS
SINGAPORE: The day-to-day operations of the Singapore entities of UBS and Credit Suisse will not be interrupted by the completion…
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