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SINGAPORE: The Monetary Authority of Singapore (MAS) has fined Swiss-Asia Financial Services S$2.5 million (US$1.8 million) for multiple breaches of requirements to safeguard against money laundering and terrorism financing. A reprimand has also been issued to the company's chief executive officer and chie
The company has since “taken the necessary remedial actions” to address its deficiencies. Read more at straitstimes.com.
Abnk, Atome, Grab, and SeaMoney have been awarded the accredited Trustmark by the Singapore Fintech Association.
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 (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.