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Logo of the Insolvency and Public Trustee's Office. The Insolvency & Public Trustee's Office (IPTO) in Singapore is a department under the Ministry of Law.IPTO oversees the administration of individual and corporate insolvencies, the administration of small intestate estates and un-nominated Central Provident Fund (CPF) monies, as well as the licensing and regulation of moneylenders and ...
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
In November 2016, Funding Societies Malaysia became one of 6 licensed SME lending platforms in Malaysia recognised and regulated by the Securities Commission. [8] In January 2017, Funding Societies was one of the first SME digital lending platforms in Singapore to be awarded Capital Markets Services Licence by the Monetary Authority of Singapore.
The Singapore National Co-operative Federation (SNCF) is a body of co-operative movements in Singapore. It was formed in September 1980. [ 1 ] It is a member of several global co-operative bodies such as the International Co-operative Alliance , the World Council of Credit Unions , and the Association of Asian Confederation of Credit Unions .
Former OCBC Bank in South Bridge Road, Singapore.. On 31 October 1932, three banks – Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919) – merged and consolidated their strengths to form Oversea-Chinese Banking Corporation under the leadership of Hoklos Tan Ean Kiam (co-founder and managing director of Oversea-Chinese Bank) [15] [16] and Lee Kong Chian, who ...
Singapore authorities on Friday announced new measures to tackle money laundering, including inter-agency data-sharing, striking off of inactive companies and channels and programmes to get ...
Regulation of moneylenders is typically much looser than that of banks. In Japan, the Moneylending Control Law requires only registration in each prefecture.In Japan, as the decades-long depression lingers, banks are reluctant to loan money and regulation has become tighter, illegal moneylending has become a social issue.
Pages in category "Financial services companies of Singapore" ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; ...
