S$75 million grant to enhance Singapore as a Financial Hub The Monetary Authority of Singapore (“MAS”) in the coming month will launch an S$75 million Grant for equity Market Singapore (“GEMS”). Mr. Heng Swee Keat, Minister of Finance and MAS board member announced...
MAS Bans Tim Leissner for Life In the wake of money laundering charges in relation to the 1MDB case, Ex-Director of Goldman Sachs Mr. Tim Leissner, the MAS has issued a lifetime prohibition order, which will prevent him to conduct any regulated business under 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...
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...
The New Sandbox Express Regime in Singapore Under Public Consultation Background The FinTech Regulatory Sandbox was launched in 2016 to facilitate live experiments of innovative financial services and business models within boundaries. From this learning curve, the...
Singapore’s New Payment Services Bill The eagerly awaited Payment Services Bill was moved for first reading in Parliament, intended to streamline the regulation of payment services within a single activity-based legislation, as compared to when the MAS previously...
