1MDB saga: What the public needs to know
Engaging the public on a regular basis, even though live investigations are ongoing, is one way MAS can safeguard transparency and foster trust.
Add BT as a preferred source
FOR a country well-reputed for its robust regulatory framework, the 1Malaysia Development Berhad (1MDB) saga has brought the vigilance of financial institutions in Singapore sharply into the spotlight.
Questions remain as to how gross breaches of our anti-money laundering (AML) rules occurred, and why the public has not been kept meaningfully informed of the progress of investigations being undertaken. It is now opportune for the Monetary Authority of Singapore (MAS) to consider its disclosure framework regarding regulatory matters.
THE EUROPEAN PRACTICE
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
SpaceX surge further boosts Saudi billionaire prince’s fortune
Singapore’s total employment growth slows in Q1; job vacancies dip while retrenchments inch up
