by Argus | Financial Institutions, Insurance, News, Regulatory Compliance
MAS releases Prohibition Orders against three individuals for dishonest conduct The Monetary Authority of Singapore (MAS) issued Prohibition Orders (POs) taking effect on 8 May 2019 against three individuals for dishonest conduct. Mr Lee was Managing Director and Head...
by Argus | Anti Money Laundering, News, Ongoing Compliance, Regulatory Compliance
Nordic banks pool resources to centralize KYC checks The six major banks of the Nordic region are joining forces to set up a customer checking center to centralize KYC process (Know-Your-Customer) and fight money laundering more effectively. This comes after a money...
by Argus | Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Corporate Governance Requirements in Singapore Corporate Governance is a general term encompassing all the directives, processes and rules which characterized “the system by which companies are directed and controlled” (Cadbury Committee,...
by Argus | Financial Institutions, News, Regulatory Compliance
MAS releases Consultation Paper on Final Basel III Reforms in Singapore The Monetary Authority of Singapore (MAS) released on Tuesday (May 7) a new Consultation Paper on the proposed implementation of Final Basel III Reforms concerning base capital requirements...
by Argus | Financial Institutions, Fintech, News, Regulatory Compliance
MAS considering Virtual Banking License for FinTech firms The Monetary Authority of Singapore (MAS) said on Tuesday it is reviewing whether to offer digital-only banks that have emerged out of FinTech firms a virtual banking license. Since 2000, Singapore-incorporated...
by Argus | Anti Money Laundering, Fund Management Company, News, Regulatory Compliance
Ex-Goldman Banker charged in 1MDB fund scandal Goldman Sachs is being probed by US Justice Department for its role as underwriter and arranger for some $6.5 billion worth of 1Malaysia Development Bhd (1MDB) bond offerings, in the governmental fund scandal shaking...
