Banking Act (Cap. 19): Primary banking legislation in Singapore that regulates banking institutions and their operations, including banking secrecy provisions and basic banking operations.
Financial Advisers Act (Cap. 110): Regulates financial advisory services and ensures proper conduct in providing financial advice and services related to banking products.
Securities and Futures Act (Cap. 289): Governs capital markets activities and the offering of investment products that might be related to banking services.
Payment Services Act 2019: Regulates payment systems and payment service providers in Singapore, including digital payment services and e-money issuance.
Electronic Transactions Act (Cap. 88): Provides legal framework for electronic transactions and digital signatures, relevant for online banking services.
MAS Anti-Terrorism Measures Regulations: Specific regulations for preventing and detecting terrorism financing through financial institutions.
Corruption, Drug Trafficking and Other Serious Crimes Act: Contains provisions for anti-money laundering and reporting of suspicious transactions in banking operations.
Personal Data Protection Act 2012: Governs the collection, use, disclosure and care of personal data by organizations, including banking institutions.
Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading in financial services.
Companies Act (Cap. 50): Relevant for corporate account holders and their rights and obligations in banking relationships.
Currency Act: Regulates the use and handling of currency in Singapore, including restrictions and requirements for currency transactions.
Mediation Act 2017: Provides framework for mediation as a dispute resolution mechanism in banking disputes.
MAS Notice 626: Specific guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism for banks.
MAS Notice 632: Guidelines on Technology Risk Management for financial institutions, including cybersecurity and IT systems management.
Arbitration Act: Provides legal framework for arbitration as an alternative dispute resolution mechanism in banking disputes.
