A March 14 media release said: “The Singapore Police Force and Monetary Authority of Singapore (MAS) would like to alert members of the public to scams involving impersonation of MAS officials, representatives from NTUC Union, Income Insurance and Unionpay staff. Since January 2025, at least 6 cases have been reported to the Police, with total losses amounting to at least SGD 1.7million.”

MAS slaps penalty of SGD 2.4 million on JPMorgan Chase Bank for misconduct by relationship managers in 24 bond transactions

In 24 over-the-counter bond transactions, the RMs had made inaccurate or incomplete disclosures to clients, resulting in the clients being charged spreads that were above the bilaterally agreed rates. These transactions took place between November 2018 and September 2019, said MAS.

Be careful with your cash: Amid geopolitical tensions, MAS advises Singapore to be ready for volatility

In its analysis of the ‘Global Macrofinancial Environment’, the central bank of Singapore said that while global economic activity “has remained resilient”, there was still a risk because of “heightened policy uncertainty, trade tensions, and geopolitical conflicts that increase the probability of adverse shocks”.

Singapore FinTech Festival 2024 attracts 65,000 participants from 134 countries and regions; makes big plans for 2025

More than 3,400 government and regulatory attendees across 665 central banks, regulatory institutions, and government organisations participated in the ‘Regulation Zone’. Key discussion areas included Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth.

MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards

This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.

Singapore: MAS signs MoU with financial institutions and technology partners to study application of Quantum Key Distribution

The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral on August 14 signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the […]

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