Source of article: Channel News Asia

The additional set of measures that has just been announced by the Monetary Authority of Singapore (“MAS”) and the Association of Banks in Singapore to counter and mitigate the negative effects of digital banking scams is most laudable.

The further set of measures that will come into effect on 31 Oct 22 will strengthen customers’ ability to self-protect against digital banking scams.

The continual efforts by the MAS to work closely with other government agencies and financial institutions to enhance the resilience of Singapore’s financial system against scams, underscores the regulator’s steadfast position to robustly protect the integrity of our financial and capital markets.

I shared my views on the latest additional measures with Singapore’s CNA in an interview on 2 June 22.

This was on my LinkedIn here. Watch the video below.