Monetary Authority of Singapore

MAS and Bank Indonesia extend bilateral financial arrangement until 2024

The agreement between both central banks was extended to 2 November 2024.

8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll

Over 4 in 5 says that financial institutions should be held most accountable for scams.

DBS prohibited from buying new businesses or closing branches for 6 months

MAS will review progress after six months and may choose to extend the measures. 

Singapore proposes shared responsibility framework for phishing scams

Both financial institutions and telcos are held accountable for mitigating scams.

MAS proposes fund management regulation shake-up with new framework

If approved, the existing RFMC regime will be repealed.

Sygnum Singapore obtains major payments institution license

It can now operate its DPT brokerage service in Singapore.

MAS teams up with BIS, Swiss and  France central banks to test wholesale CBDCs

Project Mariana used DeFi technology concepts on a public blockchain.

Singapore probing banks’ involvement in $1.75b money laundering scandal: report

MAS says it's "too early to tell" if FIs involved adhered to ML requirements or not.

MAS enforced over S$20m in penalties in past 18 months

Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.

New requirements published for DPT service providers

It will mitigate the risk of loss or misuse of customers’ assets.

DPM Wong is the new chairman of MAS’ board of directors

Wong will survive beginning 8 July up to 31 May 2026.

MAS kicks off public consultation for code of conduct of ESG ratings, data products

The proposed code will establish minimum industry standards of transparency in methodologies and data sources.

Ripple clinches in-principle regulatory approval to offer digital payment tokens in Singapore

Majority of its on-demand liquidity transactions flow from Singapore, the company said.

MAS completes investigation on Citadelle; no further action taken

Citadelle did not breach the Trust Companies Act, according to MAS.

MAS suggests digital money standards through whitepaper

The paper includes technical specifications detailing the entire lifecycle of purpose bound money.