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    • MAS
    • Guidelines

    Last revised date:

    • Guidelines for approved trustees on Notice SFA 13-N01 on the prevention of money laundering and countering the financing of terrorism. These guidelines provide guidance to approved trustees on the requirements in Notice SFA 13-N01 to the Approved Trustees on Prevention of Money Laundering and Countering the Financing of Terrorism . They should be read in conjunction with the notice. 24 Apr 2015 Previous version dated 24 April 2015 (277.1 KB) [Cancelled] 29 Dec 2006 Previous version dated 29 Dec 2006
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 9 November 2021... The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption. 2 MAS launched the FinTech Regulatory Sandbox in 2016 to encourage and enable experimentation of technology innovation to deliver financial products and services. The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 9 November 2021... The Monetary Authority of Singapore (MAS) today announced three enhancements to its FinTech Regulatory Sandbox framework to further catalyse financial innovation and FinTech adoption. 2 MAS launched the FinTech Regulatory Sandbox in 2016 to encourage and enable experimentation of technology innovation to deliver financial products and services. The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 11 October 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Teh Chin Hong @ Edwin Teh, former representative of The Great Eastern Life Assurance Company Limited (GE) 9 years Ms Ng Wei Ling, former representative of United Overseas Bank Limited (UOB) 8 years Mr Aloysius Zephaniah Lim Bing Hong, former
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 11 October 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Teh Chin Hong @ Edwin Teh, former representative of The Great Eastern Life Assurance Company Limited (GE) 9 years Ms Ng Wei Ling, former representative of United Overseas Bank Limited (UOB) 8 years Mr Aloysius Zephaniah Lim Bing Hong, former
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 4 August 2020… The Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the National University of Singapore (NUS) will be jointly setting up a research institute that will develop deep capabilities to support the needs of digital financial services in Asia. The Asian Institute of Digital Finance (AIDF) will provide thought leadership and strengthen synergies between education, research and entrepreneurship in the thriving area of digital finance. It is expected
    • MAS
    • Media Releases

    Last revised date:

    • 12 November 2019, Singapore… The Monetary Authority of Singapore (MAS) and eight members of the Canadian Securities Administrators (CSA) today signed a cooperation agreement to strengthen collaboration in FinTech between Singapore and CSA’s member jurisdictions. The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan. 2   The agreement sets out the framework of collaboration between the CSA members
    • MAS
    • Recent Economic Developments

    Last revised date:

    • This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. h              RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % Q3 5.5 11.2 19.3 7.6 6 June 2018 2017 2018 Q4 Full Year Q1 3.6 2.1 5.8 10.4 3.6 - 10.4 8.8
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback: Proposed Revisions to the RBC Risk Requirements on Outstanding Premiums from Brokers Agents and Other Counter-Parties (113.4 KB) Consultation Paper VIEW DOCUMENT Proposed Revisions to the RBC Risk Requirements on Outstanding Premiums from Brokers Agents and Other Counter-Parties (77.2 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION PAPER ON PROPOSED REVISIONS TO THE INSURANCE RBC RISK REQUIREMENTS ON OUTSTANDING PREMIUMS FROM
    • MAS
    • Speeches

    Last revised date:

    • Mr Deputy Speaker, on behalf of Senior Minister and Minister in Charge of the Monetary Authority of Singapore, I beg to move, “That this Parliament, in accordance with section 6A(2)(d) of the Bretton Woods Agreements Act (Chapter 27 of the 2012 Revised Edition), resolves that the maximum amount of grants that the Monetary Authority of Singapore may give under a bilateral agreement (or its subsequent variations) to be made by the Monetary Authority of Singapore (on behalf of the Government of the