Monetary Authority of Singapore

From nicknames to masked names: How to know if you’re paying the right person on PayNow from June 6

From June 6, PayNow will show selected letters of recipients' official names instead of nicknames.

Forum: Sole objective of removing PayNow nicknames is to address impersonation scams

News analysis

Complex product reforms by MAS reflect a more mature disclosure-based market

MAS’s decision to remove the mandatory financial advice requirement for most investors marks an important shift in philosophy.

Singapore to shorten time for the rich to open private banking account as part of wealth push

Managing director of MAS Chia Der Jiun speaking at the UBS Asian Investment Conference Singapore Wealth Edition on May 25.

Singapore ‘a major beneficiary’ as the wealthy move money out of troubled Gulf

Singapore’s gold imports from the UAE surged to a five-year high of 1,446kg in March.

Not mandatory for most investors to seek advice for complex products like investment-linked policies

Complex products will be identified by a red heading band in their Product Highlights Sheets (PHS), as opposed to non-complex products, which will have the default yellow band.

DPM Gan Kim Yong reappointed as MAS chairman

DPM Gan Kim Yong will hold the position as MAS chairman for another three years, from June 1, 2026, to May 31, 2029.

S’pore tough on financial crime but some improvements needed: Global financial watchdog report

Fraud, particularly scams and cyber-enabled fraud, is the most prominent money laundering threat facing Singapore, the Financial Action Task Force said.

MoneyMax deal signals how big-money funds are taking bigger role in Singapore stock market

On April 27, MoneyMax said it raised $44.3 million through the issuance of 53 million new shares, priced at 83.5 cents each.

How customers can make vendors of unsuitable financial products pay

Consumers can now claim for losses of up to $150,000 at FIDReC without the need of hiring lawyers if they have been sold unsuitable investments.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.