Monetary Authority of Singapore (MAS)

The Monetary Authority of Singapore (MAS) has released its latest Enforcement Report (July 2023 – December 2024). Explore the latest enforcement outcomes and initiatives shaping Singapore’s financial landscape. Read the full report here: https://lnkd.in/gG3ZJvuB #MAS #EnforcementReport #Singapore

MAS is dedicated to developing Singapore’s financial sector workforce. MAS has committed S$400 million from the Financial Sector Development Fund over 2021-2025 to develop local finance professionals across all career stages—from internships and apprenticeships to career conversion and leadership development programmes.   Over 80% of the financial sector workforce is local. 9 out of 10 of the net jobs created over 2018 to 2023 went to locals. Nurturing local talent while welcoming global expertise enables Singapore to continue to attract investments and create high-quality jobs, ensuring we remain a resilient and globally competitive financial centre.   🔗 Learn more: https://lnkd.in/g-jDKetz #MAS #Singapore

MAS released the April 2025 Monetary Policy Statement today. Singapore’s GDP growth is expected to slow this year, and the output gap will turn negative. Downside risks stemming from episodes of financial market volatility and a sharper-than-expected fall in final demand abroad will have significant ramifications on the economy. MAS Core Inflation is now forecast to average 0.5–1.5% in 2025, down from 1.0–2.0% in the January 2025 MPS. MAS will continue with the policy of a modest and gradual appreciation of the S$NEER policy band. However, the rate of appreciation will be reduced slightly. There will be no change to the width of the band and the level at which it is centred. For more details: https://lnkd.in/ggz_dCZg

Looking to be part of the conversation on climate action and meet other like-minded stakeholders who share the same commitment to a sustainable future? Be part of the Singapore Pavilion at COP30 with MAS and many others! Apply by 6 June 2025.

🚨 Beware of scammers impersonating MAS officials! Scammers are getting more sophisticated, posing as MAS officials, police officers, bank officers and other government agency representatives. Scammers may cite your personal information (e.g. name or NRIC number) to appear legitimate. Do not assume someone is trustworthy just because he/she knows these details. Not sure if it’s a scam? Hang up immediately and call the 24/7 ScamShield Helpline at 1799 to verify. Remember: MAS will never ask you to transfer money, or disclose bank log-in details over a phone call. Stay vigilant and report any suspicious activity immediately. #MAS #ScamPrevention #StayVigilant

The management and staff of the Monetary Authority of Singapore (MAS) are saddened to learn of the passing of Mr Lee Ek Tieng, who served as MAS’ Managing Director from November 1989 to December 1997 and Deputy Chairman from January 1998 to December 2000. MAS conveys its deepest condolences to the family of the late Mr Lee.

Cyber Security Agency of Singapore (CSA) and the Monetary Authority of Singapore (MAS) are aware of a ransomware attack reported by Toppan Next Tech (TNT) to the Personal Data Protection Commission on the evening of 6 April 2025. The attack has led to customer information from DBS Bank and Bank of China Limited, Singapore branch, being extracted by the threat actor. No customer log-in information has been compromised. CSA is aiding TNT in their investigations and is advising them on containment measures. MAS is in close engagement with the affected banks on their risk mitigating measures and follow-up with customers. The impacted banks have placed the relevant accounts on enhanced monitoring, and are contacting affected customers as a matter of priority. Ransomware threats are increasing in frequency and sophistication. CSA advises organisations to refer to CSA’s advisory for prevention and mitigation measures to deal with ransomware. For more: https://lnkd.in/gMgnY_4f

🚨 Beware of Scams Impersonating WeChat, UnionPay, Alipay, and MAS 🚨 MAS and the Singapore Police Force have issued a joint advisory about scams involving Chinese messaging and payment platforms. Scammers impersonate MAS officials by sending fake documents with personal information via WhatsApp. They may redirect victims to another scammer posing as a MAS officer, claiming their bank accounts are linked to money laundering and requesting money transfers for "investigations". Additionally, they may send counterfeit court orders or arrest warrants featuring the victims' details. Remember: MAS will never ask you to transfer money, or disclose banking credentials. Stay vigilant and report any suspicious activity immediately. Read the full advisory here: https://lnkd.in/gZdVb7nT

🚨 Beware of Scammers Leveraging MAS Platform🚨 MAS and Singapore Police Force have issued a joint advisory to alert members of scams leveraging MAS’ Register of Representatives e-service platform to deceive victims into believing that they are MAS officials. Since March 2025, victims have reported losses exceeding S$614,000. Remember: MAS will never ask you to transfer money, or disclose banking credentials. Stay vigilant and report any suspicious activity immediately. Read the full advisory here: https://lnkd.in/gueSXx_m

I attended the Monetary Authority of Singapore (MAS)‘s annual staff seminar, OneMAS Connect (OMC). This year’s theme, "MetaMASphosis", continues from last year, reflecting how MAS continues to evolve and adapt to change. During the dialogue with MAS colleagues, I shared my thoughts on how we can navigate risks and seize opportunities amidst the ever-changing global economy. As a small country, we have the advantage of being nimble and able to transform quickly, to respond to global shifts. I also spoke about AI and how we must have the courage to embrace AI and technology in our work. My advice to all MAS colleagues - be bold, learn as much as you can and continue to collaborate with colleagues and partners. I thank all MAS colleagues for the engaging discussion, and the team who worked behind the scenes to make OMC a success. I look forward to another year of continued growth and collaboration.