Showing 4566 Documents for "economic issues"
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- MAS
- Letters to Editor
Last revised date:
- Dear Editor I refer to "Why MAS should handle complaints, by Leong Kok Ho" (Straits Times Forum, 24 December 2008). MAS understands the anxiety of many investors who have purchased DBS High Notes 5, Lehman Minibond Notes and Merrill Lynch Jubilee Series 3 LinkEarner Notes. We assure investors that we are monitoring the financial institutions (FIs)' complaints handling and resolution process. Our priority is to ensure that all complaints are handled seriously and impartially without the process becoming
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 779 NOTICE PAPER 62 OF 2014 FOR WRITTEN ANSWER Date: For Parliament Sitting on 21 February 2014 Name and Constituency of Member of Parliament Ms Mary Liew, NMP Question: To ask the Prime Minister (a) if he will be regulating the use of virtual currencies like Bitcoins traded by Singapore-based businesses and Singaporean consumers; and (b) whether there are plans to educate Singaporeans on the risk of trading or investing in virtual currencies. Answer by Mr Tharman Shanmugaratnam, Deputy
- MAS
- Media Releases
Last revised date:
- Singapore, 19 February 2014… The Monetary Authority of Singapore (MAS) said today that security measures in place for payment cards 1 in Singapore were robust by international standards but card customers should nonetheless take the necessary precautions when using their cards. MAS was responding to media queries about unauthorised online purchases made at a Taiwanese merchant, some of which were made using payment cards issued in Singapore. 2 MAS noted that there has been a rise in incidents
- PDPC
- Commission's Decisions
Last revised date:
- A warning was issued to FWD Singapore for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of 71 individuals’ personal data contained in payment advice letters which were sent to incorrect recipients. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1907-B4352 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And FWD Singapore Pte Ltd SUMMARY OF THE DECISION
- PDPC
- Commission's Decisions
Last revised date:
- A warning was issued to Actstitude for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of individuals' personal data. Over 160 individuals uploaded their resumes to Actstitude's website and their personal data were accessible over the Internet. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1910-B5129 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Actstitude
- MAS
- Notices
Last revised date:
- Requirements for banks conducting foreign exchange conversion in China via the Renminbi Clearing Bank. This notice applies to all participating banks in Singapore that conduct foreign exchange conversion in China via the Renminbi Clearing Bank for the settlement of eligible cross-border trade. It sets out the requirements for banks to comply with, including verification of eligible trade, record keeping and reporting. Amendment Notes 01 Aug 2014 MAS Notice 646 (Amendment) 2014 (90.6 KB) takes effect
- MAS
- FATF Statement
Last revised date:
- On 21 October 2016, 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: Democratic People’s Republic of Korea (DPRK) has not shown sufficient commitment to address its serious AML/CFT deficiencies. The FATF also has serious concerns with the threat posed by DPRK’s illicit activities related to the proliferation of
- MAS
- FATF Statement
Last revised date:
- On 24 June 2016, 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:- Democratic People’s Republic of Korea (DPRK), which has not shown sufficient commitment to address their serious AML/CFT deficiencies. The FATF has also noted the proliferation financing risks arising from the DPRK and called upon countries to comply
- MAS
- Media Releases
Last revised date:
- Singapore, 22 March 2019… The Minister in Charge of the Monetary Authority of Singapore (MAS) has shortened the duration of the prohibition orders made by MAS against Ms Zheng Xuemei from two years to one year. 2 On 17 May 2018, MAS announced the issuance of prohibition orders against Ms Zheng for a period of two years, with effect from 14 May 2018. The orders prohibit her from performing any regulated activity under the Securities and Futures Act (SFA) and from providing any financial advisory
- MAS
- Parliamentary Replies
Last revised date:
- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Internationalisation of the Singapore Dollar For Parliament Sitting on 19 Feb 98 Question To ask the Deputy Prime Minister whether (i) it is in the long-term interest of Singapore to allow the Singapore Dollar to serve as a common trading currency in the ASEAN countries; (ii) he would consult experts as well as the Chambers of Commerce before a decision is taken by the Government; and (iii) the Government is still of the view that the