MAS stated that the amendments will empower it to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.
Category: Finance
Singapore: MAS to bolster defence against money laundering and terrorism financing with COSMIC platform
Following public consultation in October 2021, the Financial Services and Markets Act 2022 (FSMA) was amended in May 2023 to set out the legislative framework for COSMIC.
Mumbai overtakes Beijing to become the ‘Billionaire Capital’ of Asia
India’s Financial Capital Mumbai, which has many names and tags attached to its existence, has another distinction bestowed upon it. Maharashtra’s capital city has now become the ‘Billionaire Capital’ of the largest and most populous continent in the world, Asia.
Eight UK properties including one endorsed by ManUtd legend Gary Neville that can bolster your investment profile
With high returns, investment in properties in the United Kingdom is slowly gaining traction amongst Indians.
Acing the UK real estate investment game with Richard Lowe and Abbas Jaorawala
To make it comprehensible for the general buyers and help them make their investment debut, Connected to India caught up with Richard Lowe, CEO, Turn-Key Investments and Abbas Jaorawala, Senior Director and Head-Direct Tax at Khaitan Legal Associates.
Planning to invest in a UK property? Know about these 8 tax considerations to get savvy
Investing in UK property as an Indian national involves several tax considerations, which can be handled well under professional guidance.
Operation by Anti-Scam Centre and banks helps over 11,000 people avoid losses of SGD 56 million
SPF’s Anti-Scam Centre collaborated with four partnering banks and deployed technology in a joint operation to identify job, fake friend call and e-commerce scam victims.
Projecting Narendra Modi’s return, Indian FM presents poll-bound ‘no disruption’ unchanged tax rate Interim Budget, estimates fiscal deficit at 5.1% of GDP
While an interim budget is about allocating funds to keep the government functions going before a new government is installed and present a full budget (national polls are due by May in India), the FM focused on the achievements of the Modi government in the past ten years.
Google Pay inks bond with India’s NPCI to expand UPI for international payments
First, it seeks to broaden the use of UPI payments for travellers outside of India, enabling them to conveniently make transactions abroad.
100 million “affluent” Indians to earn more than USD10K by 2027, says Goldman Sachs report
A report claims India’s affluent class may soon nearly double to touch 100 million people by 2027.
