MAS and ABS to secure transactions from digital banking scams

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today announced additional measures to further safeguard customers from digital banking scams. In consultation with MAS and the Singapore Police Force (SPF), banks are progressively implementing the following additional measures, which will be in full effect by 31 October 2022, require […]

UOB Appointed As Cross-Currency Dealers in China and Indonesia

Bank’s strong cross-border FX capabilities also report UOB China as the first Singapore-headquartered bank to be a CNY/IDR direct market maker UOB today announced that its wholly-owned subsidiaries, UOB China and UOB Indonesia, are now Appointed Cross-Currency Dealers (ACCDs) for Chinese Yuan/Indonesia Rupiah (CNY/IDR). This announcement makes UOB the first Singapore bank to hold the […]