Showing 4089 Documents for "payment services"
Filter by
Sort by
- MAS
- Media Releases
Last revised date:
- Singapore, 20 June 2006...The Monetary Authority of Singapore (MAS) released the findings of its first mystery shopping survey on practices in the financial advisory industry. The objective of the survey was to assess the quality of the advisory and sales process. The quality of advice provided was not assessed. The survey was conducted from October 2005 to February 2006, and covered 30 licensed and exempt financial advisory firms from the banking, insurance and capital markets sectors (FIs). In
- MAS
- Speeches
Last revised date:
- Mdm Speaker, I beg to move, “That the Bill be now read a second time”. INTRODUCTION 2 In July 2009, the International Monetary Fund (“IMF”) agreed to boost its capacity to lend to low-income countries impacted by the global financial crisis, through a new Poverty Reduction and Growth Trust (“PRGT”). The PRGT is the IMF’s concessional lending vehicle, which provides lending facilities tailored to the diverse needs of low-income countries. To fund the PRGT, IMF members agreed in 2012 to contribute
- MAS
- Speeches
Last revised date:
- 1 Minister for National Development, Mr Lawrence Wong, today moved the Bretton Woods Agreements (Amendment) Bill 2016 (the “Bill”) for First Reading in Parliament. 2 The amendments to the Bretton Woods Agreements Act (“BWAA”) will allow the Monetary Authority of Singapore (“MAS”) to enter into arrangements with the International Monetary Fund (“IMF”) to give grants or other financial assistance, on behalf of the Government of Singapore. Safeguards are set in place over MAS’ exercise of its powers
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $35,000 was imposed on GeniusU for failing to put in place reasonable security arrangements to prevent the unauthorised access and exfiltration of individuals' personal data stored in its staging database. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2101-B7725 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And GeniusU Pte. Ltd. SUMMARY OF THE DECISION 1. On 12
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 19 December 2022… Mr Goh Jia Poh, Kenneth was today convicted and sentenced to 19 months’ imprisonment and fined $355,604 for multiple offences relating to false trading, unauthorised use of trading accounts and fraudulently inducing others to deal in shares, under the Securities and Futures Act (SFA). 2. Between 6 January 2016 and 20 September 2018, Mr Goh repeatedly entered and deleted buy orders for multiple securities for which he had no intention to fill. Through such “spoofing and
- MAS
- Circulars
Last revised date:
- Informs all insurers on expectations to update MAS on their BCM contact details annually or when there are any changes. The annual updates should be sent to MAS by 31 March of each year. BCM Data Template (43.5 KB) Dear Sir/Madam Business Continuity Management (BCM) Submission of BCM Data It is essential for key personnel of insurers to be contactable especially during a BCM event. As communicated in previous years, insurers are expected to update MAS on their BCM contact details annually
- MAS
- Media Releases
Last revised date:
- Singapore, 13 April 2022… Australia Treasury and the Monetary Authority of Singapore (MAS) have signed the Australia-Singapore FinTech Bridge Agreement to strengthen cooperation between the FinTech ecosystems of both countries. 2. The commencement of discussions to develop the FinTech Bridge was announced in June 2021, when Australian Prime Minister Scott Morrison met with Singapore Prime Minister Lee Hsien Loong. The FinTech Bridge aims to build on the overarching framework for digital economy cooperation
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Loan exposure of Financial Institutions to Regional Economies For Parliament Sitting on 19 Feb 98 Question: To ask the Deputy Prime Minister if he will give the latest update on loans extended by local and foreign financial institutions to regional economies, especially Indonesia where a de facto moratorium on debt payment has been announced. Answer: As at 31 Dec 97, the 6 local banking groups had loans and investments amounting to
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 3 May 2016… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Pu Weidong (Pu) and Triumpus Assets Management Pte Ltd (Triumpus) for insider trading in the shares of Sinomem Technology Ltd (Sinomem). 2 Pu was the Chief Financial Officer in Sinomem when the contraventions took place. Pu is also the sole director and shareholder of Triumpus. 3 Between 2 and 27 March 2009, Pu and Triumpus purchased 4,605,000 Sinomem shares when Pu possessed confidential price-sensitive
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 22 July 2020 … The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $1,100,000 on Asiaciti Trust Singapore Pte Ltd (ATSPL) for its failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified by MAS in an inspection. ATSPL has paid the penalty in full and taken remedial actions to address the risk management deficiencies that led to the breaches. 2 MAS found that between