Singapore Pushes Meta to Tackle Scams or Risk Sanctions
Singapore police have mandated that Meta implement anti-scam measures on its social media platform Facebook to prevent impersonation of key government officials and combat online scams. This directive is the first under Singapore’s new Online Criminal Harms Act, which became law in February 2024, and companies could face fines of
JP Morgan Hit with Massive Fine by Singapore’s Cenbank
US lender JP Morgan Chase was fined for being incompetent in preventing its relationship managers from defrauding its clients. On Monday, the Central Bank of Singapore fined the US lender $1.79 million for failing to prevent and detect the misconduct. According to Yahoo Finance, the Monetary Authority of Singapore (MAS)
