The Monetary Authority of Singapore launched a first pilot exercise that successfully completed live trades of tokenized assets across currencies as part of efforts to explore decentralized finance applications in wholesale funding markets.
Deputy Chairman of the Monetary Authority of Singapore Lawrence Wong delivered opening remarks at Singapore’s FinTech Festival emphasizing the importance of encouraging innovation and engaging people on the impact of technology in Singapore’s fintech journey.
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The Monetary Authority of Singapore issued a 10-year prohibition order against the former Deputy CEO and Head of Private Banking of Singapore branch of the Switzerland-based bank for contributing to suspicious transaction reporting failures.
The Monetary Authority of Singapore imposed a penalty of $375,000 on the brokerage company for business misconduct and failing to comply with anti-money laundering and counterterrorist financing requirements.
|Compliant : 20||High :|
|Largely Compliant : 17||Substantial : 4|
|Partially Compliant : 3||Moderate : 6|
|Non-Compliant : 0||Low : 1|
Singapore's technical compliance was re-rated in a Nov. 18, 2019 follow-up report
|Rank : 102/141|
|Score : 4.56/10|
|Rank : 4/180|
|Score : 85/100|
|Rank : 5/133|
|Score : 65/100|