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The Singapore Fintech Association (SFA) has accredited four “buy now, pay later” (BNPL) service providers based on the guidelines outlined in its code of conduct promoting responsible lending practices and consumer protection.
The Monetary Authority of Singapore has launched COSMIC, a platform aimed at combating financial crime. How does it work?
Following public consultation in October 2021, the Financial Services and Markets Act 2022 (FSMA) was amended in May 2023 to set out the legislative framework for COSMIC.
By Amanda Lee Singapore's central bank has rolled out a new information-sharing platform with commercial banks as part of efforts to combat money laundering and terrorism financing in the...
They have been banned for periods varying between three and five years. Read more at straitstimes.com.