by Jyotsna Bucktowar | Nov 13, 2025
The Guideline proposes proportionate, organisation-wide expectations for financial institutions—covering governance, AI inventories, lifecycle controls, and skills development—to ensure the safe and responsible use of AI, including generative systems…
by Jyotsna Bucktowar | Oct 9, 2025
These suspects—aged 15 to 77—are believed to have facilitated over 650 scam cases, enabling the laundering of illicit funds linked to e-commerce, job, investment, and impersonation scams, which defrauded victims of more than SGD 8.2 million. The police warned that...
by AdrianaAMLP | Mar 27, 2025
MAS consults on regulatory measures for stablecoins, emphasizing reserve asset quality, due diligence, and risk management, particularly for Group 1b cryptoassets. The consultation also proposes restrictions on retail investor access to AT1 and Tier 2 capital...
by Jyotsna Bucktowar | Jan 23, 2025
The operation which unearthed staggering amounts of illicit funds, luxury assets, and real estate sent shockwaves through the Asian financial hub. The foreigners involved received prison sentences ranging from 13 to 17 months before being deported and permanently...
by Jyotsna Bucktowar | Dec 8, 2024
The money laundering case, involving more than S$3 billion (US$2.23 billion), surfaced in August 2023 when 10 foreign nationals were arrested in multiple raids. More than 400 police officers carried out islandwide operations, arresting nine men and one woman linked to...
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