Text size

MAS proposes new identification rules to deter abuse of omnibus accounts

The Monetary Authority of Singapore (MAS) has published a consultation paper on rolling out measures, such as mandatory ultimate beneficiary ownership (UBO) disclosure, to discourage financial institutions from holding omnibus accounts. In publishing ‘Requirements on Controls Against Market Abuse’, the Singaporean regulator hopes to take a step towards broadening its supervisory scope and identifying possible misconduct earlier by requesting more…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]