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Key Regulatory And Enforcement Actions Taken By Monetary Authority Of Singapore In Q2 2025

Date 01/07/2025

The table below provides an overview of the key public enforcement actions taken by the Monetary Authority of Singapore (“MAS”) from April to June 2025. 

2 MAS can take a range of enforcement actions for breaches of the laws under its administration, including reprimands, composition penalties, prohibition orders, civil penalties and referring a case for criminal prosecution. In assessing the type of enforcement action to impose, MAS takes into account the need to deter similar misconduct as well as to safeguard the integrity of Singapore as a financial centre.

Date

Regulatory/ Enforcement Actions

Details

27 June 2025

MAS has imposed composition penalties totalling $960,000 on five Major Payment Institutions, Remsea Pte Ltd, Arcade Plaza Traders Pte Ltd, J-Dee Remittance Services Pte Ltd, Mobile Community Tech Pte Ltd and OxPay SG Pte Ltd, for breaches of MAS’ Anti-Money Laundering and Countering the Financing of Terrorism requirements. 

MAS Imposes Composition Penalties against Five Major Payment Institutions  

 

 

3 For more details on MAS regulatory and enforcement actions, you may refer to the Enforcement Actions  page on MAS’ website.