Tag: Monetary Authority of Singapore

Financial institutions are increasingly aware that artificial intelligence (AI) could transform anti-money laundering (AML) operations. Yet adoption remains cautious. This hesitancy stands in sharp contrast...

Singapore’s Project MindForge is entering a more mature phase, as the city-state shifts from isolated AI pilots to the harder work of enterprise-wide governance...

Agentic AI has quickly become the new headline topic in financial services, following last year’s surge of interest in generative AI and predictive models. The...

Zeidler Group has expanded the Singapore coverage in its Marketing Material Review Tool (MMR-Tool), adding further marketing and advertising compliance checks to support firms...

Singapore recorded a 579% increase in fines for breaches of AML and CFT rules last year, underscoring a marked shift in regulatory scrutiny following...

Singapore and China have announced a new set of financial and capital markets initiatives aimed at deepening bilateral cooperation, as the two countries look...

Singapore’s position as a major financial hub places significant responsibility on its payments sector to prevent illicit finance from flowing through the system. Anti-money laundering...

The MAS has published a consultation paper proposing comprehensive new Guidelines on AI Risk Management, aimed at ensuring the responsible and secure use of...

In August 2024, Singapore’s Parliament enacted the Anti-Money Laundering and Other Matters Act 2024, a major development that reinforces the city-state’s global reputation as...

As regulators tighten anti-money laundering (AML) expectations worldwide, stablecoin firms are under increasing pressure to apply “bank-level” compliance controls. Authorities from Singapore’s Monetary Authority...