SINGAPORE (Reuters) – Singapore’s central bank announced plans on Friday to introduce a digital platform that will enable banks to share information on customers and transactions, part of efforts to prevent money laundering and terrorism financing.
The platform is co-created by the Monetary Authority of Singapore (MAS) and six major commercial banks in the city-state – DBS Group, Oversea-Chinese Banking Corp, United Overseas Bank, Standard Chartered Bank, Citibank and HSBC, an MAS statement said.
(Reporting by Anshuman Daga; Editing by Mark Heinrich)
