In late 2019, Ministry of Law (“Minlaw”) reminded all precious metal dealers to register their business with the Registrar of Regulated Dealers under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (“AML/CFT...
Monetary Authority of Singapore (“MAS”) released a Notice on Cyber Hygiene on 6th August 2019 to raise cyber security standards and strengthen cyber resilience of financial institutions in Singapore. The legally binding Notice on Cyber Hygiene came into effect on 6...
On 10 September 2020, the MAS released the Guidelines on Individual Accountability and Conduct (“Individual Accountability Guidelines”) which lists down the five high level outcomes that financial institutions should achieve to promote the accountability of senior...
Monetary Authority of Singapore (“MAS”) on 15th of July 2020 published a guidance paper which sets out MAS’ supervisory expectations of sound practices where anti-money laundering / countering of financing of terrorism (“AML/CFT”) control functions are outsourced. In...
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...
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...
