by Argus | Financial Institutions, News, Regulatory Compliance
MAS sets out enforcement outcomes and priorities in inaugural Enforcement Report The Monetary Authority of Singapore (MAS) published its inaugural Enforcement Report on 20th March 2019. The enforcement report outlines MAS’ enforcement priorities and provides greater...
by Argus | News, Regulatory Compliance
MAS sets out enforcement outcomes and priorities in inaugural Enforcement Report The Monetary Authority of Singapore (MAS) published its inaugural Enforcement Report on 20th March 2019. The enforcement report outlines MAS’ enforcement priorities and provides greater...
by Argus | Compliance, News, Regulatory Compliance
SFC fines UBS $375 million and suspends its licence for one year for sponsor failures Regulatory Compliance enforcement action. The Securities and Futures Commission (SFC) has reprimanded and fined UBS AG and UBS Securities Hong Kong Limited (UBS Securities Hong Kong)...
by Argus | Anti Money Laundering, News, Payment Services Bill, Regulatory Compliance
Can remittance companies licensed under the Money-changing and Remittance Businesses Act (MCRBA) lend money? Remittance companies are currently licensed under the Money-changing and Remittance Businesses Act (MCRBA). The Money-changing and Remittance Businesses Act...
by Argus | Compliance, News, Regulatory Compliance
Enhancements to Technology Risk and Business Continuity Management Guidelines proposed by MAS The Monetary Authority of Singapore (MAS) released two consultation papers on proposed changes to the Technology Risk Management Guidelines and the Business Continuity...
by Argus | Anti Money Laundering, News, Regulatory Compliance, Tax
France fines UBS bank record S$5.6 billion in tax fraud case A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros (S$5.67 billion) for encouraging customers to commit tax fraud, a record in France where public opinion has grown vocal for...
