Daily Debrief: What Happened Today
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MAS to roll out platform requiring information-sharing among banks in 2023 to fight money laundering
THE scheme will focus on three key financial crime risks in commercial banking, including the abuse of shell companies, trade-based money laundering, as well as proliferation financing.
DBS brokerage arm gains MAS crypto licence
THE licence awarded to DBS's brokerage arm DBS Vickers allows it to directly support asset managers and companies to trade in digital payment tokens through the DBS Digital Exchange (DDEx).
More gains ahead in private home prices; Q3 up for sixth straight quarter
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PROPERTY analysts expect Singapore's private home prices to continue its growth trajectory for the rest of the year after it rose for the sixth straight quarter in Q3.
'Legitimate business activities' will not be captured within scope of FICA: MHA
MHA says "FICA does not stop businesses and organisations from building overseas partnerships or soliciting overseas business, networking with foreigners, going to conferences or seminars, or supporting charities."
Singtel to sell 70% stake in Australian tower assets for A$1.9b; enters new regional tie-ups
THE transaction gives Australia Tower Network, which owns 2,312 mobile network towers and rooftop sites, an enterprise value of A$2.3 billion, Singtel said.
The STI today
STI falls 1.15% amid global sell-off
THE Straits Times Index fell 1.15 per cent or 35.59 points to 3,051.11.
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