Official Notices
206 notices published
MAS Reply: No Fixed Timeline for Mandatory Cash Acceptance
MAS has clarified in a parliamentary reply that there is no set timeline for mandating cash acceptance by merchants, emphasizing ongoing consultations. Businesses gain regulatory certainty but should proactively adapt to promote financial inclusion. This policy stance balances innovation with accessibility in payments.
SIC Public Statement on PSC Corp: Official Channels & Takeover Compliance
The Securities Industry Council (SIC) issues a public statement on PSC Corporation Ltd, reinforcing the use of .gov.sg domains for official communications. Businesses must prioritize verified sources to avoid scams amid takeover activities. This report provides strategic insights for compliance and risk mitigation.
MAS Rejects Pre-emptive Tightening for Energy Inflation Risks
MAS affirms no pre-emptive monetary policy adjustments to counter energy cost-driven inflation, emphasizing data-dependent decisions on core inflation. Businesses face sustained cost pressures without anticipated policy relief. Strategic hedging and efficiency measures are recommended for resilience.
MAS Q1 2026 Enforcement Actions: Compliance Lessons for Businesses
MAS intensified enforcement in Q1 2026 with fines exceeding S$10 million for AML/CFT breaches and misconduct. Financial institutions face heightened scrutiny on internal controls and consumer protection. Businesses must urgently strengthen compliance to mitigate regulatory risks.
MAS Keynote: Insurers Must Deliver on Customer Promises (2026)
MAS Assistant MD Marcus Lim's 2026 keynote at LIA Luncheon stresses insurers' core duty to fulfill promises to policyholders amid rising expectations. Singapore's insurance sector faces heightened scrutiny on fair dealing and innovation. Businesses should prioritize customer outcomes for compliance and competitive edge.
MAS Outlines Key Focus Areas for Singapore Gold Trading Hub
MAS has announced strategic focus areas to position Singapore as a leading gold trading centre, including regulatory enhancements, infrastructure development, and market innovation. This initiative opens new avenues for commodities businesses while introducing compliance imperatives. Companies should assess opportunities in gold storage, trading platforms, and fintech solutions.
Singapore Feb 2026 CPI: Stable Inflation Guides Business Strategy
MAS reports headline CPI rose 2.1% yoy in February 2026, with core inflation at 1.8%, signaling controlled price pressures. Businesses face steady input costs but should hedge against potential imported inflation. Key strategies include pricing reviews and supply chain diversification.
MAS AI Risk Toolkit: Strategic Guide for Financial Sector Compliance
MAS partners with industry to develop an AI Risk Management Toolkit, equipping financial institutions with tools to mitigate AI risks. This proactive measure supports safe AI adoption amid growing regulatory scrutiny. Businesses must assess readiness to leverage opportunities and avoid compliance pitfalls.
ACRA Scam Alert: Beware Fake Company Dissolution Emails Targeting Businesses
ACRA has issued an urgent alert on phishing emails impersonating official notices about company dissolution under Section 344A. Businesses must ignore these scams, verify communications, and adopt robust cybersecurity practices to avoid data breaches. This report provides strategic guidance to mitigate risks and enhance compliance vigilance.
IRAS GST Refund Fraud Crackdown: Raids, Arrests & $1M Seizures Alert Businesses
IRAS conducted island-wide raids on over 20 locations, arresting one suspect and seizing luxury watches worth over $1 million in a major GST refund fraud operation. Businesses face heightened audits recovering $100M+ in 2025, with severe penalties for fraud including triple tax penalties and up to 7 years jail. Companies should prioritize GST compliance reviews and voluntary disclosures to mitigate risks.