MAS: Raises alert levels to Orange as Coronavirus fears grow

0
75

MAS: Raises alert levels to Orange as Coronavirus fears grow

  • Advises Financial Institutions to Adopt Recommended Measures for DORSCON Orange
  • Monetary Authority of Singapore (MAS) issued an advisory on 7 February 2020 for financial institutions in Singapore
  • Continue to maintain effective internal controls across their operations split team arrangements implemented
  • Anticipate and prepared to manage any increase in demand for certain financial services, such as cash withdrawal or online financial services
  • MAS has also reminded financial institutions that they should remain vigilant on the cyber security
  • MAS informed about scammers impersonating MOH contact tracing officials and also requesting for financial information from individuals