The SICC holds that the defendant, Barclays, is liable to reimburse the plaintiff for transferring a sum of US$871,085.61 to a 3rd party pursuant to a payment instruction which Barclays sent to the plaintiff but subsequently sought to cancel.
The course is designed to enable RFAs to demonstrate knowledge and understanding of AML/CFT legislations, regulatory trends and developments in Singapore…
A man who allegedly provided money to support the ISIS propaganda efforts yesterday became the first Singaporean to be charged under the Terrorism (Suppression of Financing) Act.
In Koh Kim Teck, Smiling Sun Limited v Credit Suisse AG, Singapore Branch  SGHC 82, the SHC found that there was no any investment advisory duty owed by the bank to its customer in either contract or tort.
Effective: 10 Apr 2019
They worked separately for HSBC, UOB and NTUC Income.
Published: 08 Apr 2019
The Bill aims to streamline regulation of payment services under a single legislation, and to expand the scope of regulated payment services to keep up with new technological developments and the various risks they pose.
Published: 05 Apr 2019
MAS Notice 654 sets out the requirements that a notified bank has to comply with in its recovery and resolution planning.
MAS is also proposing other amendments to strengthen the licensing and regulation of banks and credit card or charge card licensees, formalise existing supervisory requirements and clarify other technical and administrative issues.
Published: 01 Apr 2019
The Issuer failed to comply with the advertising restriction when its legal advisors put out a post on LinkedIn calling attention to the offer, which was made accessible to the public.
This session will review the classifications of financial statement schemes and red flags that might be associated with these schemes through a series of case studies.
German payments firm releases summary amid ongoing internal probe by law firm.