Showing 4566 Documents for "economic issues"
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- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 25 April 2022… The Monetary Authority of Singapore (MAS) has imposed civil penalties on, and issued prohibition orders (POs) against two former trading representatives, Ms Ngin Kim Choo and Mr Yeo Jin Lui, for false trading. Both executed a client’s instructions to purchase KS Energy Ltd (KSE) shares for the purpose of creating a false or misleading appearance with respect to the price of KSE shares. 2 Ms Ngin and Mr Yeo, who were trading representatives employed by CIMB Securities (Singapore
- PDPC
- Commission's Decisions
Last revised date:
- A warning was issued to Interauct! for retaining personal data which was no longer necessary for legal or business purposes. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1911-B5268 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Interauct! Pte Ltd SUMMARY OF THE DECISION 1. Interauct! Pte Ltd (the Organisation) operated an online mobile number auction (the Auction) for a telecommunications
- MAS
- Directives
Last revised date:
- Sets out the obligations of merchant banks who are Primary and/or Registered dealers. Directive 25 18 Dec 1987 Directives to Merchant Banks Conduct Of Business Obligations and Privileges of Dealers 25(1)(a) A Primary and a Registered dealer: (i) shall regularly publish bona fide competitive bid and offer quotations in all securities; and (ii) shall be ready, willing and able to effect transactions at its quoted prices with other persons in
- MAS
- Notices
Last revised date:
- Requirements on technology risk management for financial advisers. This notice applies to all licensed financial advisers and exempt financial advisers. It sets out requirements for a high level of reliability, availability and recoverability of critical IT systems and for financial advisers to implement IT controls to protect customer information from unauthorised access or disclosure. See also: FAQs - Notice on Technology Risk Management Response to Public Feedback for Consultation Paper - Notice
- MAS
- Notices
Last revised date:
- Requirements on technology risk management for insurers. This notice applies to all licensed insurers, except captive insurers and marine mutual insurers. It sets out requirements for the identification of critical systems, and for insurers to maintain high availability and recovery time objective for critical systems. Insurers are also required to notify MAS of relevant incidents according to the prescribed timeline and format. Insurers must also implement IT controls to protect customer information
- MAS
- FATF Statement
Last revised date:
- The FATF has continued to pause the review process for the list of “High-Risk Jurisdictions subject to a Call for Action [1] . As such, FIs should continue to refer to the previous Statement issued in February 2020, which highlights the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the Democratic People’s Republic of Korea (DPRK) and Iran. While the statement may not necessarily reflect the most recent status in DPRK and Iran, due to
- MAS
- FATF Statement
Last revised date:
- October 2019 FATF Statement On 18 October 2019, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlights the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the Democratic People’s Republic of Korea (DPRK) and Iran. On DPRK, the FATF remains concerned by its failure to address the significant deficiencies in its AML/CFT regime and the serious threats they pose to the integrity
- MAS
- FATF Statement
Last revised date:
- On 21 February 2020, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Statement on High-Risk Jurisdictions subject to a Call for Action [1] . Aside from identifying them as high risk jurisdictions, the statement also highlights the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the Democratic People’s Republic of Korea (DPRK) and Iran. On DPRK, the FATF remains concerned by its failure to address
- MAS
- FATF Statement
Last revised date:
- October 2021 FATF Statement The FATF has continued to pause the review process for the list of “High-Risk Jurisdictions subject to a Call for Action Previously called “Public Statement” . As such, FIs should continue to refer to the previous Statement issued in February 2020, which highlights the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the Democratic People’s Republic of Korea (DPRK) and Iran. While the statement may not reflect
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Consultation On Changes to Notification Requirements in Relation to Representatives Serv (217.3 KB) Annex B (398 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Changes to the Notification Requirements in relation to Representatives serving only Non-Retail Customers (444.9 KB) RESPONSE TO FEEDBACK RECEIVED January 2021 Changes to the Notification Requirements in relation to Representatives serving only Non-Retail Customers Monetary Authority