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Private banking industry group denies MAS directive on source of wealth inflows

Private banking industry group denies MAS directive on source of wealth inflows
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MAS has not asked banks to keep quiet about origins of wealth inflows into Singapore: Private banking group

SINGAPORE: The Monetary Authority of Singapore (MAS) has not instructed banks to "keep quiet" about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (Apr 14). The industry group's statement was issued following a Financial Times article that said MAS ha

WMI and the Private Banking Industry Join Forces to Strengthen Singapore s Position as a Philanthropy Hub, Business News

SINGAPORE - Media OutReach - 28 March 2023 - The Wealth Management Institute (WMI) and the Private Banking Industry Group (PBIG) announced the launch of the Impact Philanthropy Partnership (IPP) today, which aims to bring together family principals and offices to tackle society's most pressing challenges and issues. The IPP, supported by the Monetary Authority of Singapore (MAS), will create.

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