Tag: Singapore

The Monetary Authority of Singapore (MAS) has published new guidelines that make financial institutions answerable for the risks of every AI system they deploy,...

FOMO Pay, the Singapore-based payment institution, has brought in Sumsub, a provider of AI-driven trust infrastructure for compliance teams, to reinforce its onboarding and...

The Monetary Authority of Singapore (MAS), Singapore's central bank and financial regulatory authority, has launched a public consultation on proposed changes to the Payment...

Singapore's Ministry of Home Affairs has introduced the Scams (Countermeasures) and Other Matters Bill, tabling it for its first reading in parliament on Tuesday...

The scale of global money laundering remains staggering, but new data suggests artificial intelligence could be the turning point financial institutions have been waiting...

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...

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...

Singapore is stepping up its efforts to integrate artificial intelligence into the financial sector with Project MindForge, a collaborative initiative announced in June 2023. The...