These developments came after weeklong operations against corporate money mules.
Tag: Banking
Singapore’s Money Laundering National Risk Assessment lists digital payments, online gambling among high-risk sectors
Banking is the highest-risk channel of money laundering in Singapore, as per the assessment.
Singapore Fintech Festival: SBI announces coming launch of ‘Yono Global’ app in Singapore and United States
At present, SBI offers Yono Global services in 9 countries, starting with the United Kingdom operations in September 2019. In Singapore, SBI is integrating its Yono Global app with PayNow and aims to launch it soon.
Singapore banking: MAS imposes 6-month pause on DBS Bank’s non-essential infotech activities
The Monetary Authority of Singapore has imposed a six-month pause on DBS Bank Ltd’s non-essential information technology changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.
MAS recorded largest net loss of SGD 30.8 billion in 2022-23: Ravi Menon
Indian-origin Managing Director of the Monetary Authority of Singapore (MAS) Ravi Menon said the city-state’s central bank has recorded its largest net loss of SGD 30.8 billion (USD 22.8 billion) in 2022-2023.
Listen to your instincts to find your career path, and prioritise reskilling, advises Saurabh Singhal of DBS Singapore
Saurabh Singhal, Group Head – Marketing & MarTech for Institutional Banking at DBS Singapore, talks about how he found his perfect role.
DBS Singapore told to set aside SGD1.6 billion by MAS after digital banking outage
DBS Singapore, one of the top banks in South Asia, has been ordered by the Monetary Authority of Singapore to make an additional provision to cover any losses following the latest outage in the bank’s digital services.
Wadia Group-owned bankrupt airline Go First may lose major part of its fleet
Indian airline Go First finds itself caught between a rock and a hard place as its attempt to start insolvency proceedings has been complicated by aircraft lessors.
DBS Singapore digital banking disrupted… again; bank cites high traffic volume
Customers of DBS Singapore experienced intermittent outage on May 5, while trying to access digital banking services. This follows the daylong outage experienced by DBS users on March 29.
NRIs remit highest ever USD 107 billion in FY 2022-23: RBI Governor
The Governor of the Reserve Bank of India in a statement announced that inward gross remittances from the NRI for FY 2022–23 had reached a record high of USD 107.5 billion.
