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MAS asks FIs to step up business continuity plans in corona crisis

The Monetary Authority of Singapore (MAS) has asked FIs to have effective internal controls in place across operations when implementing business continuity plans. It also urged vigilance against cyber scammers impersonating the health ministry to obtain financial information from individuals. Last Friday, Singapore’s Ministry of Health (MOH) raised the Disease Outbreak Response System Condition (DORSCON) Alert Level from yellow to orange after four…

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