MAS | AMLP Forum

MAS’s Financial Stability Review 2025 flags rising cyber, AI-driven, and cross-border financial-crime risks, urging stronger governance and tougher system resilience across FIs

by Jyotsna Bucktowar | Nov 5, 2025

The review highlights growing risks from technology-enabled threats—particularly cyberattacks, data breaches, and the misuse of advanced technologies such as AI—while emphasising that strong governance, resilient systems, and enhanced supervisory oversight are...

MAS’s 2024-25 Annual Report reveals bold new anti-scam measures, cutting-edge real-time fraud detection, and strengthened safeguards to protect consumers

by AdrianaAMLP | Jul 15, 2025

The MAS Annual Report 2024/25 outlines the Authority’s key priorities and policy responses to support economic stability, strengthen the financial sector, and address emerging risks. It aims to provide transparency on MAS’s actions in monetary policy, financial crime...

MAS imposes S$27.45M in penalties on 9 FIs for breaches linked to a major 2023 ML case involving over S$3Bn in illicit assets – marking its 2nd-largest AML/CFT enforcement action after the 1MDB case

by Jyotsna Bucktowar | Jul 4, 2025

MAS penalised 6 banks—Credit Suisse (S$5.8 million), UOB, UBS, UOB Kay Hian, Citibank, and LGT Bank—along with asset and trust firms Julius Baer, Blue Ocean Invest, and Trident Trust. Investigations began in early 2023 and concluded in early 2025, uncovering...

UK Govt and MAS Singapore pledge joint crackdown on FC, focusing on digital finance risks, AI misuse, cross-border fraud, ESG integrity, tokenisation oversight, and global disclosure alignment

by Jyotsna Bucktowar | Jul 3, 2025

Key discussions centred on emerging threats from digital finance, including tokenisation, cross-border fraud, and the misuse of AI, while both sides pledged deeper collaboration on Project Guardian and Global Layer One to enhance oversight of tokenised markets. The...

MAS finalises AML/CFT rule changes effective 30 June 2025, expanding ML definitions to cover PF, tightening STR timelines, enhancing KYC for trusts/ shell firms, and aligning with FATF standards

by AdrianaAMLP | Jun 30, 2025

The revised framework expands ML definitions to include proliferation financing, tightens STR reporting timelines, and enhances due diligence requirements for trusts, legal arrangements, and shell companies. It also strengthens KYC measures, screening protocols, and...

« Older Entries

Next Entries »

MAS’s Financial Stability Review 2025 flags rising cyber, AI-driven, and cross-border financial-crime risks, urging stronger governance and tougher system resilience across FIs

MAS’s 2024-25 Annual Report reveals bold new anti-scam measures, cutting-edge real-time fraud detection, and strengthened safeguards to protect consumers

MAS imposes S$27.45M in penalties on 9 FIs for breaches linked to a major 2023 ML case involving over S$3Bn in illicit assets – marking its 2nd-largest AML/CFT enforcement action after the 1MDB case

UK Govt and MAS Singapore pledge joint crackdown on FC, focusing on digital finance risks, AI misuse, cross-border fraud, ESG integrity, tokenisation oversight, and global disclosure alignment

MAS finalises AML/CFT rule changes effective 30 June 2025, expanding ML definitions to cover PF, tightening STR timelines, enhancing KYC for trusts/ shell firms, and aligning with FATF standards

Recent Posts

Recent Comments

Archives

Categories

Meta