Europe’s Finance Chiefs to Call for Anti-Money Laundering Agency
With a view to confront a wave of money-laundering scandals within the banking industry, Europe’s finance leaders are recommending that a regional anti-money laundering agency be formed to fight and prevent such crimes. They are calling upon European...
Singapore considering extending fintech funding beyond 2020: MAS
Mr. Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), said that MAS will probably announce new funding plans next year following positive results from the financial technology initiatives ending in March 2020. Possible areas for future...
New Chapter for Digital Banks – MAS Invites applications for new licences
The Monetary Authority of Singapore (MAS) announced that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman...
Payment Services Act 2019
The Payment Services Bill (PSB) is an Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters. PSB was passed in Parliament on 14 January 2019 . The PSB act shall repeal the Payment Systems...
