Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
Last revised date:
- No More 1-Cent Coins from BCCS The Board of Commissioners of Currency, Singapore ("BCCS") will stop issuing 1-cent coins from 1 April 2002. However, the public can continue to use their 1-cent coins, as the coins will remain legal tender. 2 The 1-cent coin is not actively used by the public. Every year, more than 50 million pieces of new 1-cent coins are issued but only 3 million of these coins are returned to BCCS. SRA and CASE Support the Move 3 BCCS has consulted the Singapore Retailers
- MAS
- FATF Statement
Last revised date:
- On 27 June 2014, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlighted the strategic deficiencies in the anti-money laundering/countering the financing of terrorism (AML/CFT) regimes of two groups of jurisdictions: Democratic People’s Republic of Korea (DPRK) and Iran which have shown no commitment to address their AML/CFT deficiencies. Algeria, Ecuador, Indonesia and Myanmar, which have not made sufficient progress in addressing
- MAS
- FATF Statement
Last revised date:
- On 24 October 2014, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of 2 groups of jurisdictions: Democratic People’s Republic of Korea (DPRK) and Iran which have shown no commitment to address their AML/CFT deficiencies. Algeria, Ecuador, Indonesia and Myanmar, which have not made sufficient progress in addressing
- MAS
- FATF Statement
Last revised date:
- On 22 June 2012, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of 2 groups of jurisdictions: Democratic People’s Republic of Korea (DPRK) and Iran which have shown no commitment to address their AML/CFT deficiencies. Ecuador, Vietnam and Yemen, in addition to the jurisdictions listed previously which have not made sufficient
- MAS
- Media Releases
Last revised date:
- Singapore, 3 February 2022…The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) exchanged information to advance cooperation in capital markets supervision and connectivity at the 6th MAS-CSRC Supervisory Roundtable last week. Both sides discussed the implementation of the capital markets collaboration initiatives announced at the recent 17th Joint Council for Bilateral Cooperation between Singapore and China held in December 2021. 2. Co-chaired by MAS’s
- MAS
- Media Releases
Last revised date:
- Singapore, 29 November 2005...The Monetary Authority of Singapore (MAS) issued Corporate Governance Regulations ("Regulations") for Approved Exchanges, Designated Clearing Houses And Approved Holding Companies. 2 Currently, only the SGX group of companies ("SGX") operate approved exchanges, designated clearing houses and approved holding companies in Singapore. 3 The Regulations are modeled on the Corporate Governance Regulations for banks, financial holding companies and direct insurers issued
- MAS
- Media Releases
Last revised date:
- Singapore, 15 June 2001- MAS today issued new guidelines which will allow hedge funds to be sold to the public, subject to a minimum initial subscription of $100,000 per investor and other requirements. These guidelines were introduced in response to interest expressed by the financial industry. The intention is to provide more investment choice for those who understand the higher risks associated with the prospect of significantly higher returns from such funds. The guidelines, which have been
- MAS
- Enforcement Actions
Last revised date:
- 1 MAS has issued prohibition orders against Mr Tay Meng Hui (“Mr Tay”), pursuant to: (a) section 35V(1)(a) of the Insurance Act (Cap. 142); and (b) section 59(1)(d) of the Financial Advisers Act (Cap. 110). 2 On 25 September 2013, Mr Tay was convicted in the Subordinate Courts of Singapore on one charge of accepting gratification as an inducement for forbearing to show disfavor to another person in relation to his principal’s affairs under section 6(a) of the Prevention
- MAS
- Media Releases
Last revised date:
- Singapore, 21 June 2013... The Monetary Authority of Singapore (MAS) today issued the Technology Risk Management (TRM) Notice and Guidelines. 2 The TRM Guidelines aim to provide comprehensive guidance on the establishment of sound technology risk management and security practices to address existing and emerging technology risks within the financial industry. This set of enhanced Guidelines replaces the existing MAS Internet Banking and Technology Guidelines as well as past circulars on IT risk
- MAS
- FATF Statement
Last revised date:
- On 14 February 2014, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of 2 groups of jurisdictions: Democratic People’s Republic of Korea (DPRK) and Iran which have shown no commitment to address their AML/CFT deficiencies. Algeria, Ecuador, Ethiopia, Indonesia, Myanmar, Pakistan, Syria, Turkey and Yemen, which have