SINGAPORE (The Straits Times/ANN): The Monetary Authority of Singapore (MAS) said on Tuesday (Feb 23) that its regular surveillance of the banking system has not found significant funds from Myanmar companies and individuals in banks in Singapore.
In response to media queries, the authority said in a statement: "MAS expects financial institutions to remain vigilant to any transactions that could pose risks to the institution, including dealings with companies and individuals subject to financial sanctions by foreign jurisdictions.