Showing 590 Documents for "CMS"
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- MAS
- Consultations
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- Unsolicited transactions by person holding capital markets services licence and representatives 12.3.17 A person holding a capital markets services licence to deal in securities or trade in futures contracts, or a representative of such a person does not contravene section 12.3.6(2) or section
- MAS
- Guidance
Last revised date:
- MAS conducted a thematic review on banks’ operational controls in their Payments and Electronic Funds Transfer operations. This guidance sets out the key findings and recommends how banks should implement effective controls to address the operational risks. Banks should incorporate learning points from the guidance in a risk-based and proportionate manner, giving proper regard to the profile of their business activities. Banks should remain vigilant to the evolving nature and impact of payment
- MAS
- Circulars
Last revised date:
- This circular explains the revisions made to the Acts administered by MAS in the 2020 Revised Edition of the Act, and clarifies how to read the references to the Acts in MAS-issued instruments and documents. Circular No. LD 01/2022 11 January 2022 Dear Sir / Madam To Chief Executive Officers of All Financial Institutions PUBLICATION OF 2020 REVISED EDITIONS OF ACTS - CITATION IN INSTRUMENTS, DOCUMENTS AND OTHER COMMUNICATIONS ISSUED BY THE MONETARY AUTHORITY OF SINGAPORE (MAS)
- MAS
- Circulars
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- This circular reminds all financial institutions (FIs) to stay vigilant to the ML/TF risks in wealth management sector, and sets out MAS’ expectations for FIs to review its existing controls to ensure that they remain adequate to mitigate the ML/TF risks from high growth areas. In conducting its review, FIs should take into account the additional information provided in this circular as well as previous MAS guidance that was issued to the industry. Monetary Authority of Singapore 10 Shenton Way
- MAS
- Guidance
Last revised date:
- Sets out MAS’ supervisory expectations of sound practices where AML/CFT control functions are outsourced. The paper is based on inspections of capital markets intermediaries, but the takeaways are applicable to other financial institutions, with the appropriate calibrations. MAS conducted a series of thematic inspections of capital markets intermediaries (“CMIs”) to assess the adequacy of their oversight of AML/CFT service providers (“ASPs”), and their understanding of the key control functions outsourced
- MAS
- Guidance
Last revised date:
- Sets out MAS’ supervisory expectations of effective AML/CFT controls in the private banking industry. The paper follows from a series of thematic inspections on private banks (“PBs”), and supplements the MAS’ Guidance on Private Banking Controls issued in 2014. MAS conducted a series of thematic inspections of PBs targeted at assessing the effectiveness of their AML/CFT risk management and controls. This guidance paper sets out MAS’ supervisory expectations of effective AML/CFT controls in the private
- MAS
- FAQs
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- Provides guidance to financial institutions on the submission of representative notifications using the bulk filing function of the CoRe system Corporations and Representatives System (CoRe) - Bulk Filing CONFIDENTIAL CONFIDENTIAL -------- 1. Overview of Bulk Filing CONFIDENTIAL CONFIDENTIAL -------- 1.1 Overview of Bulk Filing Bulk filing is a function in CoRe to facilitate FIs in filing up to 500 representative notifications in a single filing. The existing configurations for individual
- MAS
- External Publications
Last revised date:
- Financial Action Task Force (FATF)'s guidance for implementing the risk-based approach for trust and company service providers The Financial Action Task Force (FATF) published in June 2019 a “Guidance for a Risk-Based Approach for Trust and Company Services Providers” (FATF Guidance). The FATF Guidance can be found at the FATF website: https://www.fatf-gafi.org/media/fatf/documents/reports/RBA-Trust-Company-Service-Providers.pdf . 2 The FATF Guidance supports the implementation of a risk-based
- MAS
- Circulars
Last revised date:
- MAS conducted an industry-wide survey of Variable Capital Companies (VCCs) and a series of thematic engagements of eligible financial institutions (EFIs) to assess the effectiveness of their AML/CFT risk management and controls. This Circular sets out MAS’ key observations and supervisory expectations for effective AML/CFT frameworks and controls that VCCs and their appointed EFIs should note. VCCs should read this Circular in conjunction with the MAS Notice VCC-N01 [1] and Guidelines to Notice VCC-N01
- MAS
- External Publications
Last revised date:
- Financial Action Task Force (FATF) report on red flag indicators to assist financial institutions in identifying and reporting potential money laundering and terrorist financing activities involving virtual assets The Financial Action Task Force (FATF) published in September 2020, a FATF report on “Virtual Assets – Red Flag Indicators of Money Laundering and Terrorist Financing” (FATF Report). The FATF Report can be found at the FATF website: https://www.fatf-gafi.org/content/dam/fatf-gafi/reports