Off the wire
• Portugal's Socialist Party criticizes appointment of Barroso as Goldman Sachs advisor  • (Sports)Yanbian edges Greenland 2-0 in CSL  • Chinese vice premier underlines poverty relief  • Twelve injured on third day of Spain's bull running event  • Russia expels two U.S. diplomats in retaliation  • Beijing Guoan draw with Tianjin Teda 0-0 in Chinese Super League  • China loses to Nigeria again in Stankovic Cup's third-place playoff  • Obama cuts short visit to Spain after Dallas shootings  • Deschamps stresses need to limit C. Ronaldo's influence in Euro 2016 final  • 1st LD Writethru: Police firing kills 8 civilians in Indian-controlled Kashmir  
You are here: 　 Home

MAS urges banks to assess security measures after robbery at Standard Chartered in Singapore

Xinhua, July 9, 2016 Adjust font size:

Monetary Authority of Singapore (MAS) on Saturday urged banks to learn from the recent incident and assess whether their security measures need to be enhanced after the robbery took place at a Standard Chartered bank branch in Holland Village on Thursday.

MAS expected banks to "perform thorough security threat assessments" and have adequate measures in place to address these threats, said the authority in a statement on Saturday.

MAS added these measures could include CCTV surveillance, alarm systems, panic buttons and security personnel. MAS' guidelines are not prescriptive.

The police are investigating the robbery that took place on Thursday. About 30,000 Singapore dollars (22,248 U.S. dollars) in cash were robbed from the branch of Standard Chartered in Holland Village around noon. The suspect is still at large. Endit