Statement from Monetary Authority of Singapore over the weekend after the government in SG raised its alert level on the coronavirus outbreak.
- MAS advised financial institutions in SG take additional measures and precautions
- firms should "continue to maintain effective internal controls across their operations should split team arrangements be implemented."
- should anticipate and be prepared to manage any increase in demand for certain financial services, such as cash withdrawal or online financial services.
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Singapore raised its coronavirus alert level on Friday and reported more cases not linked to previous infections or travel to China.
