New Payment Services Act (“Act”) came into effect 28 January 2020. Along with the Act, the Monetary Authority of Singapore (“MAS”) has introduced several notices and guidelines to be adhered to by Payment Services Licence Holders (“regulated entities”). The Notices...
Monetary Authority of Singapore (MAS) conducted thematic inspections on enterprise-wide risk assessment on money laundering and terrorism financing (EWRA) in 2020. The paper highlights inspection observations and MAS’ supervisory expectations of effective EWRA...
On 15th July 2020, Monetary Authority of Singapore (MAS) released a guidance paper which sets out MAS’ expectations of Capital Market Intermediaries (CMI) in relation to Anti-Money Laundering/ Countering Financing of Terrorism (AML/CFT) control functions being...
Fund Management: The Fund Entity – Uses, Types and Set Up Fund Management Companies are regulated under the purview of the MAS, and normally obtain their licensing because they have a product or strategy that they believe would be a unique offering to the...
Articles and Events Summary Internal Update Nithi Genesan has joined us at Argus Global and will be heading up our compliance consulting vertical . Nithi holds a Master’s degree in Applied Finance from the Manchester Business School, and a graduate from the National...
Regulatory Framework New Payment Services Act (“Act”) came into effect 28 January 2020. Along with the Act, the Monetary Authority of Singapore (“MAS”) has introduced several notices and guidelines to be adhered to by Payment Services Licence Holders (“regulated...
