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    • MAS
    • Media Releases

    Last revised date:

    • -------- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 1 kilogram Silver Proof-like Coin 1 gram Gold Brilliant Uncirculated Coin -------- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117
    • -------- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 Gold & Silver 3-Coin Set Gold & Silver 5 oz 2-Coin Set
    • Limited to 50 sets. -------- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 The images of the coins and coin sets are shown below.
    • MAS
    • Speeches

    Last revised date:

    • The Monetary Authority of Singapore (MAS) is therefore enhancing its regulatory framework and updating the PS Act to keep pace with changes to international standards and to better mitigate the ML/TF risks related to DPTs. 6.      
    • It is therefore important for MAS to be able to respond to market developments and address new risks in a timely manner. 14.      The Bill will enable MAS to impose user protection measures on DPT service providers when necessary.
    • MAS has conducted a public consultation on the Bill and noted the broad support from respondents. MAS has considered the feedback received, and where appropriate, has taken them into account in finalising this Bill. The Bill makes amendments to the PS Act in three broad areas.
    • MAS
    • Consultations

    Last revised date:

    • (c) MONETARY AUTHORITY OF SINGAPORE 18 --------
    • MONETARY AUTHORITY OF SINGAPORE 1 -------- CONSULTATION ON DRAFT NOTICE TO HOLDERS OF STORED VALUE FACILITIES AUGUST 2007 Specialist Risk Supervision Department Monetary Authority of Singapore 10 Shenton Way, MAS Building Singapore 079117 Email: paymentsystems@mas.gov.sg Fax: (65) 6229
    • Given this risk, the Monetary Authority of Singapore (MAS) plans to issue 3. directions on the preventive measures to be taken to limit the risk of SVF being used for illegitimate purposes.
    • MAS
    • Media Releases

    Last revised date:

    • As the DWBs are introduced as a pilot, MAS will review whether to grant more of such licences in the future. 5     Mr Ravi Menon, Managing Director of MAS, said, “MAS applied a rigorous, merit-based process to select a strong slate of digital banks.
    • Details of the assessment criteria can be found on MAS’ website .
    • MAS expects the new digital banks to commence operations from early 2022. 3     MAS had previously announced that it would award banking licences for up to two DFBs and up to three DWBs. There were a total of 14 eligible applications.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 2 May 2012… The Monetary Authority of Singapore (MAS) has accepted the recommendations made by the Corporate Governance Council (Council) on the Code of Corporate Governance (Code), and issued the revised Code of Corporate Governance. 2   MAS has carefully considered the recommendations of
    • MAS will however make two modifications to the recommendation relating to independence from substantial shareholders. 3   Ms Teo Swee Lian, Deputy Managing Director of Financial Supervision, MAS said, “MAS would like to thank Mr Alan Chan, the Chairman of the Council, and all Council members for the
    • MAS is happy to accept all of the recommendations.” 4   The revised Code will take effect in respect of Annual Reports relating to financial years commencing from 1 November 2012. MAS recognises that sufficient time should be given for companies to make board composition changes.
    • MAS
    • Parliamentary Replies

    Last revised date:

    • MAS identifies a range of external and domestic risks as part of its ongoing financial surveillance operations. 
    • These include the annual reports and published financial statements of financial institutions as well as reports by MAS such as the Financial Stability Review and Monthly Statistical Bulletin. MAS also continually reviews what additional data relating to risk can be published. 
    • Authority of Singapore (MAS) conducts on the banks and insurance companies locally to ensure financial stability and how frequently are such tests conducted; (b) how robust are these supervisory processes by MAS; and (c) if available, whether results of such audits or assessments can be made public.
    • MAS
    • Speeches

    Last revised date:

    • The Role of MAS 22   MAS will continue to support and partner the financial industry to seize the opportunities.  Last year, I highlighted three strategic priorities for MAS and our financial sector. 
    •  Let me begin by welcoming you to the 2005 MAS Staff Seminar.  It has been a busy but good year for the industry and MAS. Positive Global and Regional Outlook 2   Globally, 2005 looks set to end on a positive note. 
    • Stakeholders, for instance, felt that MAS officers could be more attuned to commercial reality when formulating policies and decisions.  MAS could improve the timeliness of its decision-making. 
    • MAS
    • Circulars

    Last revised date:

    • of Singapore 186)1 and MAS Notice MA-N-EXT 1/2012 (Prohibition on Transactions with the Iranian Government and with Iranian Financial Institutions) at all times.
    • They should also perform the necessary screening to ensure compliance with the Terrorism (Suppression of Financing) Act (Cap. 325), MAS Regulations issued under section 27A of the Monetary Authority of Singapore Act (Cap. 3 6 8 -------- Monetary Authority
    • MAS also reviewed CF firms assessment of their enterprise-wide money laundering and terrorism financing (ML/TF) risks, and the ML risk from tax crimes (tax risks) of their customers in the last two years. -------- Monetary Authority of Singapore While most of the CF firms inspected have
    • MAS
    • Speeches

    Last revised date:

    • MAS studies the business model of each payment service to determine where regulatory measures should be imposed. The appropriate AML/CFT requirements will be imposed on relevant licensees through Notices issued under the MAS Act. 
    • A modular approach gives MAS the flexibility to regulate payment service providers that offer one, two or more parts of the payments value chain. It also enables MAS to respond quickly to fast changing payment solutions and business models.
    • A risk-based approach enables MAS to impose proportionate regulatory measures on each type of payment service provider, depending on the scale of their activities. 10   MAS has conducted public consultations on the Bill, and engaged extensively with the industry. It has been well received.
    • MAS
    • Notices

    Last revised date:

    • 608 and MAS 609.
    • 608 and MAS 609.
    • [MAS Notice 610 (Amendment) 2020] [MAS Notice 610 (Amendment No. 2) 2020] 12.