Analysis, Regulation & Supervision

MAS given more ‘bite’ to investigate banks in Singapore

By Natasha Teja
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. 


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