Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
Last revised date:
- Singapore, 24 July 2018…The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, directing them to tighten their customer verification processes. This follows the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed and stolen. 2 For access to online financial services, banks in Singapore are already required to put in place two-factor authentication (e.g. PIN and One-Time-Password) at login to identify
- MAS
- Media Releases
Last revised date:
- Singapore, 29 June 2007...The Monetary Authority of Singapore (MAS) today issued a Notice on an enhanced framework relating to the governance and disclosure of participating (par) life insurance business. 2 The new framework aims to strengthen insurers’ internal governance practices on the management of the par fund, and enhance disclosure standards to par policyholders. It incorporates the recommendations of the Par Fund Review Workgroup (Workgroup), comprising representatives from the insurance
- MAS
- Media Releases
Last revised date:
- Singapore, 9 October 2012...The Monetary Authority of Singapore (MAS) has issued a consultation paper on the designation of tax crimes as money laundering (ML) predicate offences in Singapore. 2 As part of MAS’ ongoing efforts to protect the integrity and reputation of Singapore as a trusted international financial centre, a broad range of serious tax crimes will be designated as ML predicate offences from 1 July 2013. The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits
- MAS
- Media Releases
Last revised date:
- Singapore, 15 October 2008...The Monetary Authority of Singapore (MAS) today launched the 2008 Heritage Orchids of Singapore Coin Set. This is the third set of coins issued in tribute to one of Singapore’s national treasures, orchids. Orchids are a significant feature of Singapore’s heritage and previous orchid coin sets have been popular with collectors. Coin Design 2 The 2008 Heritage Orchids of Singapore Coin Set consists of two coins featuring Oncidium Goldiana and Aranda Tay Swee Eng. (i
- MAS
- Letters to Editor
Last revised date:
- 14 Oct 2015 The Editor Business Times Dear Editor A well-functioning securities market is a shared responsibility I refer to Mr NS Nallakaruppan’s letter “Urgent action needed to restore confidence to Singapore market” (The Business Times, 3 October 2015). MAS has indeed been working with SGX and various stakeholders to strengthen Singapore’s securities market. Some of these measures were mentioned by Deputy Managing Director, Mr Ong Chong Tee in an opinion editorial on 26 June 2015. A key set of
- MAS
- Media Releases
Last revised date:
- Singapore, 15 October 2009...The Monetary Authority of Singapore (MAS) today launched the fifth and final set of coins to commemorate the Urban Redevelopment Authority's (URA) Identity Plan. Coin Design 2 The coin designs are based on iconic features found in the Northern Wetlands & Central Catchment cluster. The Northern Wetlands of Singapore consists of Kranji and Lim Chu Kang, while Central Catchment encompasses the Central Catchment Nature Reserve. 3 The obverse of the coins bears the
- PDPC
- Commission's Decisions
Last revised date:
- A warning was issued to Water + Plants Lab for failing to put in place reasonable security arrangements to protect the personal data of its employees. The incident resulted in the personal data being subjected to a ransomware attack. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2004-B6182 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Water + Plants Lab Pte. Ltd. SUMMARY OF THE DECISION
- PDPC
- Commission's Decisions
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- A warning was issued to SSA Group International for failing to put in place reasonable security arrangements to prevent the unauthorised access of 53 individuals’ course registration information which were publicly available via its webpage. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1909-B4729 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And SSA Group International Pte Ltd SUMMARY OF THE DECISION
- MAS
- Media Releases
Last revised date:
- Singapore, 17 May 2018... The Monetary Authority of Singapore (MAS) has issued revised regulatory requirements which set out the revised reporting standards for banks in Singapore. These changes will take effect on 1 October 2020. This is in line with MAS’ objectives to collect data in machine-readable format and to reduce duplicate data submissions by financial institutions (FIs). 2 The key changes to the regulatory requirements include: (i) collecting more granular data of banks’ assets and
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 14 December 2022… The Monetary Authority of Singapore (MAS) has issued 8-year prohibition orders (POs) against Mr Selvarajulu S/O Subramaniam, a former representative of The Great Eastern Life Assurance Company Limited (Great Eastern). The POs were issued following his conviction in the State Courts for cheating offences. 2. Under the POs, which will take effect from 14 December 2022, Mr Selvarajulu is prohibited from providing any financial advisory services, and from taking part in the