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Friday, May 9, 2025
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MAS

MAS: DON’T EXPECT GOODWILL PAYOUTS FOR SCAM CASES TO BE A GIVEN

The Monetary Authority of Singapore (MAS), said today (4 Feb) that recent goodwill payouts given by OCBC to cover their customers losses to scammers are only a one off, and the public should not expect the same gesture from...

BANKS IN S’PORE TO REMOVE CLICKABLE LINKS IN SMS DUE TO PHISHING SCAMS

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) issued a media release on 19 January announcing their measures to improve the security of digital banking in the wake of recent phishing scams targeting...

MAS CONSIDERING TAKING ACTION AGAINST DBS FOR I-BANKING FAILURE

The Monetary Authority of Singapore (MAS) is considering taking actions against DBS Bank following the disruption to DBS' digital banking services.MAS called the disruption serious and will let DBS conduct a thorough investigation before taking action.Serious disruptionMAS says that...
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Latest News

PRC Tourist Charged with Corruption After Attempting to Bribe Police with S$50

On May 9, 2025, a 34-year-old Chinese national, identified as Huang Binghao, faced legal charges in Singapore for allegedly...
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