The Monetary Authority of Singapore (Mas) sends a message of zero tolerance towards money laundering as it penalises two Standard Chartered entities for suspicious transfers from Guernsey, according to industry sources.
Tag: The Monetary Authority of Singapore
MAS reappoints Menon as MD
The Monetary Authority of Singapore has reappointed Ravi Menon as managing director for a further two years, effective from 1 June 2017.
Firms digest Singapore’s new fund structure plan
An early response suggests adoption by asset managers will depend on how the new corporate structure is taxed.
MAS bans star dealmaker, fines SCB, Coutts over 1MDB
The Monetary Authority of Singapore has slapped a ban on an ex-Goldman Sachs banker while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.
Ex-offenders in Singapore can work in financial services
The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.
Asia-Pac, EU regulators meet behind closed doors in SG
Representatives from Europe and Asia Pacific’s regulatory bodies met in Singapore on Friday to hold “in depth, closed-door” discussions on financial regulation and collaboration.
MAS shuts down Falcon Private Bank’s Singapore operations
The regulator slams the Zurich-based bank for poor anti-money laundering controls and improper conduct by individuals over 1MDB.
Two ex-BSI bankers in Singapore charged in 1MDB probe
Two former bankers for Switzerland’s BSI Bank have been charged by the Singapore police as part of their investigation into 1Malaysia Development Bhd (1MDB).
Singapore to act against four banks over 1MDB scandal
Singapore’s MAS plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
Singapore’s financial regulator steps up enforcement
The Monetary Authority of Singapore (MAS) has announced plans to set up a new department to centralise and strengthen its enforcement capabilities.
