Transactions
Tourism and real estate stocks dominate filed transactions
[SINGAPORE] Over the five trading sessions from Nov 14 to 20, institutions were net sellers of Singapore stocks, with net institutional outflow of S$131 million. This partially reversed the...
Singapore banks to enforce 24-hour cooling period for digital transactions exceeding 50% of account balance
This is for current and savings accounts, including joint accounts, with balances of at least S$50,000[SINGAPORE] In a move to fortify protections against scams, major retail banks in Singapore...
1MDB liquidators lose Singapore court bid to sue StanChart, BSI due to transactions predating insolvency law
Judge acknowledges the ruling leaves the liquidators with limited recourse despite what he describes as ‘apparently dubious transactions’[SINGAPORE] The High Court has prevented foreign liquidators from suing Standard Chartered...
Bank of Japan sets aside maximum provision of losses for bond transactions
[BENGALURU] The Bank of Japan (BOJ) has set aside the maximum provision for losses on bond transactions, a spokesperson for the central bank said on Monday (Jun 2).The level...
Capital World says transactions linked to former subsidiary under probe
[SINGAPORE] Property company Capital World said the Malaysian Anti-Corruption Commission (MACC) is investigating certain transactions made between January and December 2018, which are linked to its former unit, MCM...
MAS fines investment firm S$1.9 million for making big customer transactions without adequate checks
AAIM ran afoul of the central bank’s anti-money laundering and countering financing of terrorism requirementsTHE Monetary Authority of Singapore (MAS) has issued a penalty of S$1.9 million to Atrium...
MHA seeks feedback on orders to restrict banking transactions of scam targets
THE Ministry of Home Affairs (MHA) is seeking feedback from the public on a proposed Bill that will give police the power to temporarily restrict the banking transactions of...
Visa prevented US$40 billion worth of fraudulent transactions in 2023
VISA prevented 80 million fraudulent transactions worth US$40 billion globally last year thanks to investments in technology including artificial intelligence (AI), a senior company figure said on Tuesday (Jul...
