Singapore: Monetary Authority of Singapore and Infocomm Media Development Authority Shared Responsibility Framework for identifying scams
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Timeline of events
Monetary Authority of Singapore and the Infocomm Media Development Authority Shared Responsibility Framework for identifying scams enters into force with grace period
On 16 December 2024, the Shared Responsibility Framework (SRF) for identifying scams, allowing a 6-month grace period for FI's to instate fraud surveillance systems, enters into force. The framework assigns duties to financial institutions (FIs) and…
SourceMonetary Authority of Singapore and Infocomm Media Development Authority adopted Shared Responsibility Framework for identifying scams
On 24 October 2024, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) adopted a Shared Responsibility Framework (SRF) for identifying scams, following a consultation in 2023. The framework assigns duties t…
SourceClosed consultation on Shared Responsibility Framework for identifying scams
On 20 December 2023, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) closed the public consultation on the Paper on Proposed Shared Responsibility Framework (SRF) for identifying scams. The framework ass…
SourceOpened consultation on Shared Responsibility Framework for identifying scams
On 25 October 2023, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly published the Paper on Proposed Shared Responsibility Framework (SRF) for identifying scams and opened a public consultation un…
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