Showing 4566 Documents for "economic issues"
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- PDPC
- Commission's Decisions
Last revised date:
- A warning was issued to AXA Insurance for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of personal data of its policyholders. The personal data of 87 individuals was sent in an email to an unintended recipient. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1907-B4201 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And AXA Insurance Pte. Ltd. SUMMARY OF THE
- MAS
- FATF Statement
Last revised date:
- On 23 October 2015, 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) regime of two groups of jurisdictions: Democratic People’s Republic of Korea (DPRK) and Iran which have not shown sufficient commitment to address their serious AML/CFT deficiencies. They are subject to a FATF call on its members and other jurisdictions
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Consultation Paper on Draft Deposit Insurance Regulations (132.8 KB) Consultation Paper VIEW DOCUMENT Draft Deposit Insurance Regulations (337.9 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION ON DRAFT DEPOSIT INSURANCE REGULATIONS O(cid:81) 27 O(cid:70)(cid:87)(cid:82)(cid:69)(cid:72)(cid:85) 2005, MAS (cid:85)(cid:72)(cid:79)(cid:72)(cid:68)(cid:86)(cid:72)(cid:71) (cid:68) (cid:70)(cid:82)(cid:81)(cid:86)(cid:88)(cid:79)(cid:87
- MAS
- Media Releases
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- 24 Aug 1999...MAS today issued the Insurance (Financial Guarantee Insurance) (Amendment) Regulation 1999. The amended regulation allows multi-line insurers and reinsurers to engage in financial guarantee insurance business. It also stipulates a new requirement for licensed financial guarantee insurers to build up specific contingency reserves to meet unexpected large claims. MAS said that the amended regulations also eases a previous restriction that allowed only Singapore-incorporated subsidiaries
- MAS
- Media Releases
Last revised date:
- 01 November 1999... The Securities Industry Council ("SIC" or the "Council") today issued a consultation paper on proposed revisions to the Singapore Code on Take-overs and Mergers (the "Singapore Code") to keep pace with market innovations and international practices. SIC invites the public to give their views and comments on the consultation paper. A copy of the consultation paper is available on the MAS website. The consultation paper is the result of Council's extensive discussions with merchant
- MAS
- Parliamentary Replies
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- QUESTION NO 1051 NOTICE PAPER 650 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 September 2021 Name and Constituency of Member of Parliament Mr Don Wee, MP, Chua Chu Kang GRC Question: To ask the Prime Minister whether MAS has any plan to increase measures for licensed payment institutions that issue credit/debit cards to Singaporeans younger than 16 years of age as there is a risk of children utilising the card details to shop for unsavoury items or subscribe to dubious websites.
- PDPC
Last revised date:
- Mediation Mediation as an AlternativeMediation can be a faster and less costly way of resolving disputes, and takes place outside of the PDPC's investigation process and the court process. When individuals and organisations have disputes, they may choose to solve their issues through mediation. When the individual and organisation meet at the mediation table, it could lead to a better understanding of each side’s interests and areas of disagreement. Mediation is successful where the individual
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 February 2021… The Monetary Authority of Singapore (MAS) has issued four-year prohibition orders (POs) against Mr Lau Man Chun, a former representative of an insurance broker, for dishonest conduct relating to the sale of personal accident (PA) policies. The POs issued against Mr Lau took effect from 22 February 2021. 2 Mr Lau is prohibited from (i) providing any financial advisory service, or taking part in the management of, acting as a director of, or becoming a substantial shareholder
- MAS
- Media Releases
Last revised date:
- Singapore, 7 February 2018... The Monetary Authority of Singapore (MAS) has issued new guidance to financial institutions (FIs) on the use of innovative technology solutions to facilitate safe, non-face-to-face customer on-boarding. MAS requires FIs operating in Singapore to implement robust controls when onboarding new customers, e.g. when opening a bank account, to detect and deter money laundering or terrorism financing. MAS already allows FIs to carry out non-face-to-face (NFTF) verification
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 14 August 2019… The Monetary Authority of Singapore (MAS) has issued Prohibition Orders (“POs”) against the following individuals, who were earlier convicted of insider trading: Name Duration of Prohibition Orders Mr E Seck Peng Simon former representative of UOB Kay Hian Pte Ltd 15 years Mr Leong Chee Wai former representative of First State Investments (Singapore) 15 years Mr Toh Chew Leong former representative of First State Investments (Singapore) 13 years All three POs took effect