📢 Summary of MAS’ Key Regulatory Updates in 2024 📢

In 2024, the Monetary Authority of Singapore (“MAS”) continued to strengthen Singapore’s status as a regional and international financial hub through the introduction of key regulatory initiatives and strategic collaborations with local and international partners. Within our annual MAS Regulatory Update Newsletter, we summarise the key topics addressed by MAS in 2024. Some noteworthy updates include:

➡️ Update of the Fair Dealing Guidelines;
➡️ Launch of Collaborative Sharing of Money Laundering/Terrorism Financing (“ML/TF”) Information & Cases (“COSMIC”) Platform;
➡️ Strategic MoU with Mastercard to Enhance Cybersecurity Cooperation;
➡️ Publication of the Environmental Crimes Money Laundering (ML) National Risk Assessment (“NRA”);
➡️ Initiation of Project Viridis with the Bank for International Settlements (“BIS”) for a Regulatory and Climate Data Integration Platform;
➡️ Expansion of Asset Tokenisation Initiatives to Have Common Standards in Fixed Income, FX and Asset Management; and
➡️ Publication of the National AML Strategy; and many other initiatives.

We invite you to read our publication below.

PDF: MAS Regulatory Round-up 2024