Showing 4089 Documents for "payment services"

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    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $25,000 was imposed on Singtel for failing to put in place reasonable security arrangements to protect the personal data of users on its My Singtel mobile application. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 36 Case No DP-1705-B0781 In the matter of an investigation under section 50(1) of the Personal Data Singapore Telecommunications Limited Organisation Protection Act 2012 And DECISION 1 -------- Singapore
    • MAS
    • Speeches

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    • View video recording of the Fireside Chat here . View video recording of the Speech Highlights here . Mr Edmund Koh, UBS Head of Wealth Management Asia-Pacific, Ladies and gentlemen, good morning.  Let me first wish everyone a happy 2018.  And also thank UBS for the invitation to speak at this conference. Global growth about as good as it gets 2017 has been a good year for the global economy. World GDP is estimated to have grown by 3.8%, significantly higher than the 3.2% registered in 2016. This
    • MAS
    • Exemptions

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    • This Compliance Toolkit aims to provide guidance on: · Applications to be submitted for approval from MAS; and · Notifications and regulatory submissions to the MAS. This Compliance Toolkit should serve as a useful guide to licensed trust companies, exempt trust companies (e.g. banks, law firms) and approved CIS trustees on the various approval and reporting requirements and timelines. Monetary Authority of Singapore COMPLIANCE TOOLKIT FOR APPROVALS, NOTIFICATIONS AND OTHER REGULATORY SUBMISSIONS
    • MAS
    • Media Releases

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    • Singapore, 4 November 2022... The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the award winners of the Global FinTech Hackcelerator and the SFF Global FinTech Awards, at the Singapore FinTech Festival (SFF). The winners, comprising financial institutions, FinTechs and solution providers, were recognised for their innovative solutions that can help to accelerate the pace of digitalisation, innovation and sustainability in the financial industry. Global
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback: Consultation on the Financial Holding Companies Bill (58.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on the Financial Holding Companies Bill (408.9 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON THE FINANCIAL HOLDING COMPANIES BILL Introduction 1.1 On 29 October 2012, the Monetary Authority of Singapore (MAS) issued the draft Financial Holding Companies Bill (FHC Bill) for public consultation. When enacted, the
    • MAS
    • Media Releases

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    •  Date: 19 Apr 2001 OVERVIEW 1   As part of its ongoing review of the regulatory and legislative framework for the banking industry, MAS has introduced several new policies and measures to strengthen prudential safeguards and corporate governance, facilitate risk-focused supervision, provide banks with greater operational flexibility, and update regulations. Many of these policies and measures have already been announced over the past year. The enactment of the Banking (Amendment) Bill ("the Bill
    • MAS
    • Annual Reports

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    • Monetary Authority of Singapore AnnuAl RepoRt 2014/15 B Annual Report 2014/15 -------- D Annual Report 2014/15 -------- -------- C Monetary Authority of Singapore -------- Monetary Authority of Singapore AnnuAl RepoRt 2014/15 -------- Contents 05 Chairmans Message 08 Board of Directors 10 Management Team 11 Governance Structure 12 Board Committees 13 Organisational Structure 16 Number of Financial Institutions in Singapore ANChOr OF ECONOMIC AND FINANCIAl
    • MAS
    • Macroeconomic Reviews

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    • The measures include a cut in the civil service bonus payments from 2.75 months last year to 1.75 months in 2001, of which 0.75 month was already paid out in July.
    • At the same time, greater domestic services also demand contributed to the increase in services payments. While the surplus in the income balance continued its trend decline, net current transfers saw a slightly smaller deficit.
    • MAS
    • Media Releases

    Last revised date:

    •    Singapore, 20 January 2012… MAS welcomes ABS' announcement of the new measures that banks will be implementing to enhance the security of the retail payment infrastructure. 2   Mr Wan Aik Chye, Director, Specialist Risk Department, MAS, said, ”Banks should implement the new measures as soon as they can, and ahead of the industry’s timeline where possible.  We expect banks to have in place robust fraud detection systems to track customer accounts for unusual spending patterns and suspicious
    • MAS
    • Consultations

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    • Proposed recommendations aimed at raising the quality of financial advisers (FA) and competency of FA representatives, improving efficiency in the distribution of life insurance and investment products, and promoting a culture of fair dealing in Singapore. Response VIEW DOCUMENT Response to Feedback Received on Public Consultation on Recommendations of the Financial Advisory Industry Review (709.2 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Recommendations of the Financial Advisory