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Tag: Dormant Bank and Building Society Accounts Act

Robert Sim

Of: Releasing funds from dormant accounts for charitable uses

In My NotepadTags charity, dormant bank accounts, dormant bank accounts singapore, Dormant Bank and Building Society Accounts Act, Law, MAS, Monetary Authority of Singapore, musing, news, news report, Politics, reporting, Singapore, UK, UK lawJuly 8, 20140 ViewsLeave a comment

And commenters on Facebook went ape-shit. Reading the article on CNA’s website, I would say it is just poor reporting: Nominated Member of Parliament Laurence Lien on Monday (July 7) suggested to the Finance Ministry and the Monetary Authority of Singapore (MAS) to consider releasing the funds in dormant accounts for charitable uses, in order to better make use of funds that have remained untouched for 15 years or so. Mr Lien brought up the example of the United Kingdom, …

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