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Articles

Visa Joins MAS-Led BLOOM Initiative to Pilot Seven Day Stablecoin Settlement

Visa has joined BLOOM, the Monetary Authority of Singapore’s initiative to extend settlement using tokenised bank money and regulated stablecoins. In its first pilot under th...

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MAS Pledges S$220 Million to Fund the Next Phase of FinTech Innovation

The Monetary Authority of Singapore is committing S$220 million over three years under a renewed Financial Sector Technology and Innovation Scheme (FSTI 4.0), routing the money thr...

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Gemini Secures Singapore Major Payment Institution Licence from MAS

Gemini's Singapore entity, Gemini Digital Payments Singapore, has been granted a Major Payment Institution licence by the Monetary Authority of Singapore under the Payment Services...

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How MAS Assesses and Refunds Mutilated Currency

Under Singapore's Currency Act 1967, mutilated notes and coins carry no value and no automatic right to a refund; MAS may reimburse them only at its discretion, and only where the ...

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Singapore Police Probe 270 Suspected Scammers and Money Mules in Islandwide Sweep

A two-week islandwide operation from 30 July to 12 August 2026 has placed 270 people, 185 men and 85 women aged 15 to 80, under investigation as scammers and money mules across mor...

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MAS to widen COSMIC bank information-sharing platform in two years

MAS told Parliament that its COSMIC platform has helped banks file more suspicious transaction reports and close suspect accounts, and that its planned expansion to more banks and ...

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Singapore police disrupt over 30,000 iMessage scam accounts

The Singapore Police Force says its Cyber Command has disrupted more than 30,000 Apple iMessage accounts used in a phishing campaign that impersonated couriers, agencies and banks,...

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MAS Moves to Anchor Asset Managers With Tax and Talent Measures

MAS on 19 August 2026 unveiled three measures to strengthen Singapore's competitiveness as an asset management hub: a proposed tax exemption for fund managers' profit-related retur...

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MAS sets out remediation of repeat risk events

The Monetary Authority of Singapore has published an Information Paper on Culture Capabilities for Effective Remediation and Sustainable Change, dated 12 August 2026, setting out f...

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Singapore's New Scams Bill Gives Police Power to Freeze Accounts and Compel Data Sharing

Singapore's Ministry of Home Affairs has introduced the Scams (Countermeasures) and Other Matters Bill, tightening information-sharing and account-restriction obligations across fi...

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MAS Targeted Financial Sanctions explained as the UN refreshes its ISIL and Al Qaida list

A plain explainer of Singaporeโ€™s Targeted Financial Sanctions framework: the lists of designated individuals and entities that MAS maintains, the statutes behind them, and the core...

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MAS keeps agentic AI under its proposed AI guidelines, not binding rules

In a written parliamentary reply on 5 August 2026, MAS confirmed that its proposed, not-yet-finalised Guidelines on AI Risk Management already cover agentic AI. The Guidelines set ...

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Deconstructing the Fun Coffee Crypto Scam

A coordinated regional law enforcement response across Hong Kong, Macau, and Singapore has unmasked the collapse of the alleged Fun Coffee MLM crypto scheme.

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MAS Licensing Briefing: 12.3% Approval Rate and Risk Frameworks

On 5 August 2026, Deputy Prime Minister, Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS) Mr Gan Kim Yong provided a written parliamentary...

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How Chen Zhi's Lieutenants Built a Cross-Border Scam

New disclosures name key lieutenants in Chen Zhi's multi-billion-dollar Prince Group syndicate, showing how illicit actors still exploit multi-nationality and citizenship-by-invest...

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MAS and ABS Launch ACT Taskforce on AI Cyber Threats

Singaporeโ€™s primary financial regulator and its leading banking association have established the AI-Driven Cyber and Technology Risk Taskforce (ACT) to coordinate sector-wide defen...

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Decoding MAS's Mandate for Quantum Resilience Before 2030

MAS's FY2025/2026 Annual Report sets supervisory expectations for financial institutions to achieve quantum resilience before 2030. Decoding what 'Harvest Now, Decrypt Later', cryp...

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Singapore's Fake Think Tank: Compliance Lessons

The Straits Times took apart a fake Singapore think tank with twelve invented experts and an address nobody occupied.

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MAS Signals Harder Line on Digital Token Monitoring

The Monetary Authority of Singapore (MAS) published its information paper, AML/CFT Supervisory Expectations for Digital Payment Token Service Providers (DPTSPs) , outlining critica...

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