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- Media Releases
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- Singapore, 15 July 2014...The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed amendments to its notices to financial institutions (FIs) on anti-money laundering and countering the financing of terrorism (AML/CFT). The proposed amendments draw reference from international best practices and the latest recommendations of the Financial Action Task Force (FATF), the global standard-setter for measures to combat money laundering (ML), terrorist financing (TF), and
- MAS
- Media Releases
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- Singapore, 11 January 2021… The Monetary Authority of Singapore (MAS) encourages Singaporeans to use e-hong baos during the coming Lunar New Year as they will help to reduce queues for physical notes and are more environmentally friendly. The Association of Banks in Singapore will actively promote e-gifting for the festive season. 2 For those who prefer giving new physical notes, five banks will implement an online reservation system for such notes. This initiative will complement safe
- MAS
- Notices
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- Requirements for all finance companies dealing in Singapore Government Securities. This notice applies to all finance companies. It sets out requirements on finance companies dealing in Singapore Government Securities. Amendment Notes There are no amendment notes for this notice. MAS 823 16 November 1987 NOTICE TO FINANCE COMPANIES FINANCE COMPANIES ACT, CAP 108 Dealing In Government Securities 1. A finance company may, without approval from the Authority, carry on, or include as part
- MAS
- Speeches
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- Development of Singapore's Capital Markets 1 Good morning, ladies and gentlemen, it gives me great pleasure to welcome you to HVB's Securitisation Forum. 2 The MAS introduced major initiatives in 1998 to boost the development of our bond market. Since then, it has grown in size, breadth and depth. Riding on this, the structured products market has also taken off. I would like to share with you our initiatives to develop our bond markets and highlight recent developments in the structured products
- MAS
- Media Releases
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- Singapore, 1 April 2014… The Monetary Authority of Singapore (MAS) commenced civil penalty court action against Mr Norman Phua Chun Han and has been awarded a default judgment of $2,965,414.75 against Mr Phua, comprising a civil penalty amount of $2,865,414.75, for insider trading under Section 218(2)(a) and/or Section 218(2)(b) of the Securities and Futures Act (SFA), and $100,000, for the employment of manipulative and deceptive devices in connection with the purchase and sale of securities under
- MAS
- Parliamentary Replies
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- Question No. 169 Notice Paper No. 26 of 2011 Question No. 162 Notice Paper No. 21 of 2011 For Written Answer Date: For Parliament Sitting on 14 February 2011 Name and Constituency of Member of Parliament Mr Christopher de Souza, Member of Parliament, Holland-Bukit Timah GRC Question No. 169 To ask the Senior Minister (a) how our credit card rollover debt compare against those of developed countries; (b) if there is any age group or population segment which incurs significantly higher rollover debt
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback on Proposed Amendments to MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks (26.1 KB) Consultation Paper VIEW DOCUMENT Proposed Amendments to MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore 2011 (543.1 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED AMENDMENTS TO MAS NOTICE 637 ON RISK BASED CAPITAL ADEQUACY REQUIREMENTS FOR BANKS INCORPORATED IN SINGAPORE Introduction
- MAS
- Enforcement Actions
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- Singapore, 16 February 2017… The Monetary Authority of Singapore (MAS) has successfully obtained civil penalties of $100,000 each against Chionh Teow Hie John (Chionh) and Kiew Yoon Seng (Kiew) for contraventions under the Securities and Futures Act (SFA). False Trading 2 Between June 2008 and November 2009, Chionh and Kiew engaged in false trading in the shares of Keda Communications Limited (Keda) by crossing 52 trades with each other using trading accounts held with Phillip Securities Pte Ltd
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 7 October 2019…Mr Jimmy Ng Kian Bin (Mr Jimmy Ng) and Mr Erik Ng Song Hann (Mr Erik Ng) were today convicted and sentenced to 16 weeks’ and 4 weeks’ imprisonment respectively for fraud and dishonest conduct in relation to the trading of futures contracts. Their convictions were a result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force. The case was referred to MAS by Singapore Exchange Derivatives
- MAS
- Media Releases
Last revised date:
- Singapore, 16 February 2017… The Monetary Authority of Singapore (MAS) has successfully obtained civil penalties of $100,000 each against Chionh Teow Hie John (Chionh) and Kiew Yoon Seng (Kiew) for contraventions under the Securities and Futures Act (SFA). False Trading 2 Between June 2008 and November 2009, Chionh and Kiew engaged in false trading in the shares of Keda Communications Limited (Keda) by crossing 52 trades with each other using trading accounts held with Phillip Securities Pte Ltd