UBS Financial Services to pay $14.5 million for Anti-Money Laundering failures UBS Financial Services has been ordered to pay a fine of $14.5 million as a civil penalty with regards to the willful violations for the Anti-Money laundering failures with regards to the...
Singapore Payment Services Bill- A Brief History The Monetary Authority Of Singapore (“MAS”) regulated various types of payment services under the Payment Systems (Oversight) Act, 2006 (“PS(O)A”) and the Money-Changing and Remittance Businesses Act,1979...
Articles & Events Summary The New Sandbox Express Regime A regulatory sandbox is an environment where regulations are suspended, and allows firms to test their ideas with real customers for a fixed period of time. The MAS has introduced a new express approval...
MAS Launches New S$30 Million grant to strengthen the cyber resilience of the financial sector The Monetary Authority of Singapore has recently announced a grant of S$30 Million in order to strengthen the existing cybersecurity infrastructure and also to help with...
US encourages Banks to innovate in Anti-Money laundering Monitoring The US regulators, have encouraged banks to try out new technologies to innovate in Anti-Money Laundering and other financial crimes. Agencies such as The Federal Reserve, The Federal Deposit...
