MAS penalises Padang Trust Singapore S$300,000 for AML/CFT breaches
Licensed trust companies must evidence unusual-transaction inquiry and prompt STR escalation
MAS
·
MAS
6 briefs · 1 new
MAS revises single-borrower credit exposure limits for merchant banks
Singapore merchant banks must apply revised single-borrower exposure limits from 1 June 2027
MAS
·
MAS revokes Bsquared Technology payment licence over regulatory breaches
Singapore DPT providers must evidence risk controls and accurate MAS filings
MAS
·
MAS revokes Bsquared Technology payment licence over regulatory breaches
Singapore DPT providers must evidence risk controls and accurate MAS filings
MAS
·
Singapore regulator reports Q1 enforcement actions against fund and relationship managers
Singapore fund and banking control teams face active MAS conduct exposure
MAS
·
MAS publishes AI risk-management toolkit for financial sector
Financial institutions should align AI controls with MAS’ MindForge toolkit
MAS
·