Analysis, Regulation & Supervision

MAS given more ‘bite’ to investigate banks in Singapore

By Natasha Teja
Singapore
Image: Getty Images

Singapore’s financial watchdog is to be armed with wider sweeping anti-money laundering powers over banks, under a proposed new government bill. 

The measures – including the right to enter premises without warrant – will empower the Monetary Authority of Singapore to take on financial institutions with lax governance. 

...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

grey list
Analysis, Regulation & Supervision
January 18, 2024

UAE tipped to exit FATF ‘grey list’ in February

It follows state-led campaign to align with AML/CFT global standards
Read more