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The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore.It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves.
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
All asset management companies (AMC) in Singapore are being oversee by Monetary Authority of Singapore (MAS). [1] AMC is generally an asset management / investment management company / firm that invests the pooled funds of investors in securities in line with the stated investment objectives.
In 2011, NETS' debit system was designated as national payment system by the Monetary Authority of Singapore (MAS). [ 1 ] In November 2018, it was announced that NETS can be used at 4,500 acceptance points in Malaysia, allowing users of NETS enabled cards issued by DBS , POSB , OCBC Bank and United Overseas Bank .
Singapore authorities on Friday announced new measures to tackle money laundering, including inter-agency data-sharing, striking off of inactive companies and channels and programmes to get ...
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.