On Oct. 5, MAS revised notice on reporting suspicious activities.
- Amendments are compared against the version of Notice CMG-N01 on reporting
of suspicious activities & incidents of fraud, issued Jan. 2013, revised Mar. 2014.
Required Reporting
- Report any suspicious activities and incidents of fraud, where material to safety,
soundness or reputation of relevant entity, per form, manner, and time specified. - File suspicious transaction reports, at the suspicious transaction reporting office,
as well as with the commercial affairs department in the Singapore Police Force. - Form F1, suspicious activities & incidents of fraud report, in 5 days of discovery.
Expansion to Exchanges
- Scope of reporting is expanded to include persons exempt from being approved
exchange, or recognized market operator, under section 7(6) or 7(7) of the Act.
Effectiveness
- Changes are effective from October 8, 2018.
