{"id":887,"date":"2026-10-22T10:22:00","date_gmt":"2026-10-21T23:22:00","guid":{"rendered":"https:\/\/nexiant.ai\/resources\/blogs\/?p=887"},"modified":"2026-10-27T10:41:33","modified_gmt":"2026-10-26T23:41:33","slug":"insights-mas-cosmic-transaction-monitoring-singapore","status":"publish","type":"post","link":"https:\/\/nexiant.ai\/resources\/blogs\/insights-mas-cosmic-transaction-monitoring-singapore\/","title":{"rendered":"What COSMIC Changes for Transaction Monitoring Inside Every Singapore Bank"},"content":{"rendered":"\n<style>\n  .nx-blog * { box-sizing: border-box; margin: 0; padding: 0; }\n  .nx-blog { font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, sans-serif; font-size: 16px; line-height: 1.75; color: #1a1a2e; max-width: 820px; margin: 0 auto; }\n  .nx-blog h2 { font-size: 1.55rem; font-weight: 700; color: #00184C; margin: 2.5rem 0 0.75rem; padding-bottom: 0.4rem; border-bottom: 3px solid #073EA1; }\n  .nx-blog h3 { font-size: 1.15rem; font-weight: 700; 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border-radius: 12px; padding: 2rem; text-align: center; margin-top: 2.5rem; }\n  .nx-cta h3 { color: #fff; font-size: 1.3rem; font-weight: 700; margin-bottom: 0.5rem; }\n  .nx-cta p { color: #AEC9FF; font-size: 0.95rem; margin-bottom: 1.25rem; }\n  .nx-cta a { display: inline-block; background: #E11A1A; color: #fff; font-weight: 700; font-size: 0.95rem; padding: 0.7rem 1.8rem; border-radius: 6px; text-decoration: none; transition: background 0.2s; }\n  .nx-cta a:hover { background: #A30000; }\n  .nx-divider { border: none; border-top: 1px solid #e0e7f5; margin: 2rem 0; }\n  .nx-disclaimer { font-size: 0.8rem; color: #888; font-style: italic; text-align: center; margin-top: 1.5rem; }\n\n  @media (max-width: 720px) {\n    .nx-flow { grid-template-columns: 1fr; }\n    .nx-flow-step::after { content: \"\u2193\"; right: 50%; top: auto; bottom: -18px; transform: translateX(50%); }\n    .nx-stack-layer { flex-direction: column; }\n  }\n<\/style>\n\n\n<div class=\"nx-blog\">\n\n  <!-- HERO -->\n  <div class=\"nx-hero\">\n    <span class=\"nx-tag\">Transaction Monitoring &nbsp;\u00b7&nbsp; October 2026 &nbsp;\u00b7&nbsp; Singapore<\/span>\n    <p class=\"nx-meta\">COSMIC lets Singapore banks share customer red flags, and Notice 626 makes that information part of each participating bank\u2019s own monitoring decisions.<\/p>\n  <\/div>\n\n  <!-- INTRODUCTION -->\n  <p><strong>MAS COSMIC transaction monitoring<\/strong> changes who a bank learns from. COSMIC, the Collaborative Sharing of ML\/TF Information and Cases platform, <a href=\"https:\/\/www.mas.gov.sg\/regulation\/anti-money-laundering\/cosmic\" class=\"nx-inline-link\" target=\"_blank\" rel=\"noopener\">launched on 1 April 2024<\/a> with six major commercial banks: DBS, OCBC, UOB, Standard Chartered, Citibank and HSBC. It lets participating institutions share information on customers who show multiple red flags once stipulated thresholds are met.<\/p>\n  <p>On 5 August 2026 a Singapore minister told Parliament, in a reply published by MAS, that banks on COSMIC have filed additional suspicious transaction reports on the strength of shared information, and that the platform\u2019s expansion is scheduled for completion within two years. In its <a href=\"https:\/\/www.mha.gov.sg\/media-room\/newsroom\/singapore-has-a-robust-framework-for-combatting-financial-crime-according-to-international-body\/\" class=\"nx-inline-link\" target=\"_blank\" rel=\"noopener\">6 May 2026 statement<\/a> on the FATF\u2019s evaluation of Singapore, the Ministry of Home Affairs had said Singapore will expand COSMIC to allow information sharing in significant cases and to include other major banks that are close partners on AML\/CFT\/CPF matters.<\/p>\n  <p>For a bank\u2019s monitoring team, the practical question is not how the platform works at network level. It is where shared information enters local decisions, and what record shows it did.<\/p>\n\n  <!-- TOP VISUAL -->\n  <div class=\"nx-media\">\n    <img decoding=\"async\"\n      src=\"data:image\/svg+xml,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' width='820' height='460' viewBox='0 0 820 460'%3E%3Cdefs%3E%3ClinearGradient id='bg' x1='0' y1='0' x2='1' y2='1'%3E%3Cstop offset='0' stop-color='%2300184C'\/%3E%3Cstop offset='1' stop-color='%23073EA1'\/%3E%3C\/linearGradient%3E%3C\/defs%3E%3Crect width='820' height='460' rx='22' fill='url(%23bg)'\/%3E%3Ctext x='410' y='70' text-anchor='middle' font-family='Arial, sans-serif' font-size='30' font-weight='700' fill='%23ffffff'%3EShared signals, local decisions%3C\/text%3E%3Crect x='86' y='132' width='165' height='92' rx='18' fill='%23ffffff' opacity='0.92'\/%3E%3Crect x='328' y='132' width='165' height='92' rx='18' fill='%23ffffff' opacity='0.88'\/%3E%3Crect x='570' y='132' width='165' height='92' rx='18' fill='%23ffffff' opacity='0.84'\/%3E%3Crect x='207' y='272' width='165' height='92' rx='18' fill='%23ffffff' opacity='0.86'\/%3E%3Crect x='449' y='272' width='165' height='92' rx='18' fill='%23ffffff' opacity='0.90'\/%3E%3Ccircle cx='168' cy='162' r='16' fill='%23073EA1'\/%3E%3Ccircle cx='410' cy='162' r='16' fill='%23073EA1'\/%3E%3Ccircle cx='652' cy='162' r='16' fill='%23073EA1'\/%3E%3Ccircle cx='290' cy='302' r='16' fill='%23073EA1'\/%3E%3Ccircle cx='531' cy='302' r='16' fill='%23073EA1'\/%3E%3Ctext x='168' y='198' text-anchor='middle' font-family='Arial, sans-serif' font-size='17' font-weight='700' fill='%2300184C'%3ECOSMIC signal%3C\/text%3E%3Ctext x='410' y='198' text-anchor='middle' font-family='Arial, sans-serif' font-size='17' font-weight='700' fill='%2300184C'%3ECase record%3C\/text%3E%3Ctext x='652' y='198' text-anchor='middle' font-family='Arial, sans-serif' font-size='17' font-weight='700' fill='%2300184C'%3ECustomer risk%3C\/text%3E%3Ctext x='290' y='338' text-anchor='middle' font-family='Arial, sans-serif' font-size='17' font-weight='700' fill='%2300184C'%3EOwn inquiry%3C\/text%3E%3Ctext x='531' y='338' text-anchor='middle' font-family='Arial, sans-serif' font-size='17' font-weight='700' fill='%2300184C'%3EFinding on file%3C\/text%3E%3Ctext x='410' y='410' text-anchor='middle' font-family='Arial, sans-serif' font-size='20' font-weight='600' fill='%23AEC9FF'%3EWhere shared information enters%3C\/text%3E%3C\/svg%3E\"\n      alt=\"MAS COSMIC transaction monitoring visual showing how a COSMIC signal is recorded in a case, informs customer risk, prompts the bank's own inquiry and ends in a documented finding\"\n      loading=\"lazy\"\n      width=\"820\"\n      height=\"460\"\n    >\n    <p class=\"nx-caption\">A COSMIC signal becomes part of the bank\u2019s knowledge of the customer, and the bank\u2019s own inquiry and documented finding follow.<\/p>\n  <\/div>\n\n  <!-- QUICK ANSWER -->\n  <div class=\"nx-callout\">\n    <div class=\"nx-callout-title\">Quick answer<\/div>\n    <p>COSMIC lets participating Singapore banks share customer information when multiple red flags and stipulated thresholds are met. Notice 626 requires a participating bank to include COSMIC information in its knowledge of the customer and to take it into account when judging unusual transactions, PEP status and higher-risk status.<\/p>\n  <\/div>\n\n  <h2 id=\"what-cosmic-is-and-what-it-covers\"><span class=\"ez-toc-section\" id=\"What_COSMIC_is_and_what_it_covers\"><\/span>What COSMIC is and what it covers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>COSMIC is a digital platform for secure information sharing between financial institutions. Its legal basis is the Financial Services and Markets Act 2022 as amended in 2023, supported by the Financial Services and Markets (Information Sharing Scheme for Prescribed Financial Institutions) Regulations 2024 and MAS Notice FSM-N02. Notice 626 defines COSMIC by reference to the electronic information sharing system established under section 28N(1) of that Act.<\/p>\n  <p>It currently concentrates on three risks in commercial banking: misuse of legal persons, trade-based money laundering and proliferation financing. Information can move in three modes, a request to another participant, a proactive provision of information, and a watchlist alert, with progressively higher red-flag thresholds for each. The details of the thresholds are kept confidential among participants, and only multiple red flags can trigger sharing.<\/p>\n  <div class=\"nx-table-wrap\">\n    <table class=\"nx-table\">\n      <thead>\n        <tr><th>Element<\/th><th>Detail<\/th><th>Status<\/th><\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td><strong>Participants<\/strong><\/td>\n          <td>DBS, OCBC, UOB, Standard Chartered, Citibank and HSBC.<\/td>\n          <td><span class=\"nx-badge nx-badge--red\">Expanding<\/span><\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Risk areas<\/strong><\/td>\n          <td>Misuse of legal persons, trade-based money laundering, proliferation financing.<\/td>\n          <td><span class=\"nx-badge nx-badge--red\">Expanding<\/span><\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Modes<\/strong><\/td>\n          <td>Request, provide and alert, with thresholds rising in that order.<\/td>\n          <td><span class=\"nx-badge nx-badge--blue\">Live<\/span><\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Legal basis<\/strong><\/td>\n          <td>FSM Act 2022 as amended in 2023, 2024 Regulations, Notice FSM-N02.<\/td>\n          <td><span class=\"nx-badge nx-badge--blue\">Live<\/span><\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2 id=\"where-shared-information-enters-notice-626-decisions\"><span class=\"ez-toc-section\" id=\"Where_shared_information_enters_Notice_626_decisions\"><\/span>Where shared information enters Notice 626 decisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Notice 626 builds COSMIC into monitoring. A bank participating in COSMIC that receives information about a customer, its business, risk profile or source of funds must treat that information as part of its knowledge of the customer (paragraph 6.20). It must take information received through COSMIC into account when deciding whether transactions are complex, unusually large or part of an unusual pattern (6.21), when determining whether a customer is a politically exposed person or a family member or close associate (8.2), and when assessing whether a customer presents a higher risk (8.5).<\/p>\n  <p>The Notice keeps the COSMIC platform screening list apart from the lists and information provided by MAS and other authorities for screening (paragraph 6.43(b)). A bank therefore needs to show where shared information entered each of the four decisions, and where it did not.<\/p>\n  <div class=\"nx-grid\">\n    <div class=\"nx-card\">\n      <div class=\"nx-card-icon\"><svg viewBox=\"0 0 20 20\"><path d=\"M10 1L3 5v6c0 4.25 3 8.22 7 9 4-.78 7-4.75 7-9V5l-7-4zm0 2.18l5 2.78V11c0 3.13-2.18 6.07-5 6.93C7.18 17.07 5 14.13 5 11V5.96l5-2.78z\"\/><\/svg><\/div>\n      <h4>Knowledge of the customer<\/h4>\n      <p>Paragraph 6.20.<\/p>\n    <\/div>\n    <div class=\"nx-card\">\n      <div class=\"nx-card-icon\"><svg viewBox=\"0 0 20 20\"><path d=\"M3 3h14v2H3zm0 4h14v2H3zm0 4h10v2H3zm0 4h7v2H3z\"\/><\/svg><\/div>\n      <h4>Unusual patterns<\/h4>\n      <p>Paragraph 6.21.<\/p>\n    <\/div>\n    <div class=\"nx-card\">\n      <div class=\"nx-card-icon\"><svg viewBox=\"0 0 20 20\"><path d=\"M10 2a8 8 0 100 16A8 8 0 0010 2zm1 11H9V9h2v4zm0-6H9V5h2v2z\"\/><\/svg><\/div>\n      <h4>PEP determination<\/h4>\n      <p>Paragraph 8.2.<\/p>\n    <\/div>\n    <div class=\"nx-card\">\n      <div class=\"nx-card-icon\"><svg viewBox=\"0 0 20 20\"><path d=\"M13 6a3 3 0 11-6 0 3 3 0 016 0zm5 10a7 7 0 00-14 0h14z\"\/><\/svg><\/div>\n      <h4>Higher-risk assessment<\/h4>\n      <p>Paragraph 8.5.<\/p>\n    <\/div>\n  <\/div>\n\n  <h2 id=\"what-mas-has-said-about-results-and-expansion\"><span class=\"ez-toc-section\" id=\"What_MAS_has_said_about_results_and_expansion\"><\/span>What MAS has said about results and expansion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>In the reply published on 5 August 2026, the minister said COSMIC has enhanced participant banks\u2019 ability to detect bad actors and strengthened the sector\u2019s defences. Information shared on the platform led participant banks to file additional suspicious transaction reports, allowed banks and MAS to identify suspicious networks for timely review, and supported the authorities\u2019 investigations. Expansion is scheduled for completion within two years, and MAS said it will manage it carefully to gain the benefits of sharing while balancing undue de-risking and the confidentiality of customer information.<\/p>\n  <p>The reply gives no figures for reports filed or accounts affected, so numbers attributed to COSMIC should not be repeated unless MAS publishes them.<\/p>\n  <div class=\"nx-flow\">\n    <div class=\"nx-flow-step\">\n      <div class=\"nx-flow-number\">1<\/div>\n      <h4>9 May 2023<\/h4>\n      <p>Second reading of the amending Bill: phased rollout, voluntary sharing in the first phase.<\/p>\n    <\/div>\n    <div class=\"nx-flow-step\">\n      <div class=\"nx-flow-number\">2<\/div>\n      <h4>1 April 2024<\/h4>\n      <p>COSMIC launches with six major commercial banks.<\/p>\n    <\/div>\n    <div class=\"nx-flow-step\">\n      <div class=\"nx-flow-number\">3<\/div>\n      <h4>6 May 2026<\/h4>\n      <p>Ministry of Home Affairs: expand to significant cases and more banks.<\/p>\n    <\/div>\n    <div class=\"nx-flow-step\">\n      <div class=\"nx-flow-number\">4<\/div>\n      <h4>5 August 2026<\/h4>\n      <p>Parliamentary reply: expansion to complete within two years.<\/p>\n    <\/div>\n  <\/div>\n\n  <h2 id=\"the-governance-questions-inside-a-participating-bank\"><span class=\"ez-toc-section\" id=\"The_governance_questions_inside_a_participating_bank\"><\/span>The governance questions inside a participating bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Information from another institution is not information the bank generated or verified. Notice 626 treats it as part of the bank\u2019s knowledge of the customer once received, which raises practical questions about how it is recorded, who can see it and how it changes a customer\u2019s monitoring.<\/p>\n  <p>MAS set out its expectations in the 2023 second reading speech. A participating bank should first assess whether there are valid reasons for the customer\u2019s behaviour, and banks are expected to give customers the chance to explain unusual behaviour. After information has been shared, the bank must still make an independent risk assessment and should not rely solely on COSMIC information to end a relationship, including where a customer has been placed on the watchlist.<\/p>\n  <p>Banks must also keep shared information accurate and complete and correct errors, particularly where a customer has provided further clarification. MAS said it would monitor how participants use COSMIC information in cases where they exit customers. Participants may not disclose COSMIC information to third parties except in tightly limited circumstances such as court orders or police requests, and MAS and the Suspicious Transaction Reporting Office can see the information shared on the platform.<\/p>\n  <div class=\"nx-signal-panel\">\n    <h3>Signs a bank is not yet governing shared information<\/h3>\n    <p>Each of these weakens the record a bank can produce.<\/p>\n\n    <div class=\"nx-signal-grid\">\n      <div class=\"nx-signal\">\n        <strong>No record of source<\/strong>\n        <span>Information that came through COSMIC is not tagged as such in the case file.<\/span>\n      <\/div>\n      <div class=\"nx-signal\">\n        <strong>Exit without independent assessment<\/strong>\n        <span>A customer is exited on shared information alone, with no assessment of the bank\u2019s own.<\/span>\n      <\/div>\n      <div class=\"nx-signal\">\n        <strong>No chance to explain<\/strong>\n        <span>The customer is not given an opportunity to address the concern.<\/span>\n      <\/div>\n      <div class=\"nx-signal\">\n        <strong>Uncorrected information<\/strong>\n        <span>Clarifications from the customer never reach the shared record.<\/span>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <h2 id=\"what-to-do-as-expansion-approaches\"><span class=\"ez-toc-section\" id=\"What_to_do_as_expansion_approaches\"><\/span>What to do as expansion approaches<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Banks outside the first six should expect the same Notice 626 duties once they participate, because those paragraphs apply to a bank that is participating in COSMIC. MAS said in 2023 that it planned to widen coverage and to make sharing mandatory in higher-risk circumstances in later phases. Four steps can be taken before then.<\/p>\n  <div class=\"nx-obligations\">\n    <div class=\"nx-obl-item\">\n      <h4>Tag shared information at source<\/h4>\n      <p>Record in the case that information came through COSMIC, with the date received.<\/p>\n    <\/div>\n    <div class=\"nx-obl-item\">\n      <h4>Decide which signals can change a rating<\/h4>\n      <p>Set, in advance, how COSMIC information may move a customer\u2019s risk rating.<\/p>\n    <\/div>\n    <div class=\"nx-obl-item\">\n      <h4>Keep the bank\u2019s own assessment alongside<\/h4>\n      <p>Store the independent risk assessment and the paragraph 6.23 inquiry next to the shared information.<\/p>\n    <\/div>\n    <div class=\"nx-obl-item\">\n      <h4>Prepare data and case design now<\/h4>\n      <p>If you expect to join in the expansion, test whether your case tooling can carry external information with its source.<\/p>\n    <\/div>\n  <\/div>\n\n  <h2 id=\"how-nexiant-supports-shared-intelligence-governance\"><span class=\"ez-toc-section\" id=\"How_Nexiant_supports_shared-intelligence_governance\"><\/span>How Nexiant supports shared-intelligence governance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>FraudShield, Nexiant\u2019s specialist transaction-monitoring brand, is built around real-time detection, configurable rule logic and case-management workflows. For a COSMIC participant, the useful questions to put to any monitoring capability are whether information from outside the bank can be recorded in the case with its source, whether it can raise a customer\u2019s risk rating through a documented rule rather than a manual override, and whether the bank\u2019s own independent assessment sits alongside it.<\/p>\n\n\n  <hr class=\"nx-divider\">\n\n  <h2 id=\"frequently-asked-questions\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n  <!-- FAQ -->\n  <div class=\"nx-faq\">\n    <div class=\"nx-faq-item\">\n      <button class=\"nx-faq-q\" aria-expanded=\"false\">What is COSMIC?<span class=\"nx-chevron\"><svg viewBox=\"0 0 10 6\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M1 1l4 4 4-4\"\/><\/svg><\/span><\/button>\n      <div class=\"nx-faq-a\">COSMIC, the Collaborative Sharing of ML\/TF Information and Cases platform, was launched by MAS on 1 April 2024. It lets participating financial institutions securely share information on customers who show multiple red flags once stipulated thresholds are met. It currently covers misuse of legal persons, trade-based money laundering and proliferation financing.<\/div>\n    <\/div>\n    <div class=\"nx-faq-item\">\n      <button class=\"nx-faq-q\" aria-expanded=\"false\">Which banks participate, and what is changing?<span class=\"nx-chevron\"><svg viewBox=\"0 0 10 6\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M1 1l4 4 4-4\"\/><\/svg><\/span><\/button>\n      <div class=\"nx-faq-a\">The first phase involves DBS, OCBC, UOB, Standard Chartered, Citibank and HSBC. In a reply published on 5 August 2026 MAS said the expansion of COSMIC is scheduled for completion within two years. Sharing was voluntary in the first phase, and MAS said in 2023 that it planned to make sharing mandatory in higher-risk circumstances later.<\/div>\n    <\/div>\n    <div class=\"nx-faq-item\">\n      <button class=\"nx-faq-q\" aria-expanded=\"false\">What are the three ways information is shared on COSMIC?<span class=\"nx-chevron\"><svg viewBox=\"0 0 10 6\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M1 1l4 4 4-4\"\/><\/svg><\/span><\/button>\n      <div class=\"nx-faq-a\">A participant can request information from another participant, proactively provide information to another, or place a customer on a watchlist to alert other participants. The red-flag thresholds are progressively higher for request, provide and alert, and their details are kept confidential among participants.<\/div>\n    <\/div>\n    <div class=\"nx-faq-item\">\n      <button class=\"nx-faq-q\" aria-expanded=\"false\">What does Notice 626 require of banks that participate in COSMIC?<span class=\"nx-chevron\"><svg viewBox=\"0 0 10 6\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M1 1l4 4 4-4\"\/><\/svg><\/span><\/button>\n      <div class=\"nx-faq-a\">A participating bank must include information received through COSMIC in its knowledge of the customer (6.20) and take it into account when assessing unusual transactions (6.21), identifying politically exposed persons and their associates (8.2), and assessing higher-risk customers (8.5).<\/div>\n    <\/div>\n    <div class=\"nx-faq-item\">\n      <button class=\"nx-faq-q\" aria-expanded=\"false\">Can a bank end a customer relationship on COSMIC information alone?<span class=\"nx-chevron\"><svg viewBox=\"0 0 10 6\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M1 1l4 4 4-4\"\/><\/svg><\/span><\/button>\n      <div class=\"nx-faq-a\">MAS has said it should not. After information is shared, the bank must make an independent risk assessment and should not rely solely on COSMIC information to terminate a relationship, including where the customer has been placed on the watchlist.<\/div>\n    <\/div>\n  <\/div>\n\n  <!-- CTA -->\n  <div class=\"nx-cta\">\n    <h3>Govern shared intelligence inside your monitoring programme<\/h3>\n    <p>Speak with a Nexiant expert about recording and governing external information in monitoring, or explore how FraudShield supports auditable case management.<\/p>\n    <a href=\"https:\/\/nexiant.ai\/contact-us\/\">Speak with an expert<\/a>\n  <\/div>\n\n  <p class=\"nx-disclaimer\">This article was accurate at the time of publication in October 2026 and is intended for general informational purposes only. It does not constitute legal, regulatory or compliance advice. Organisations should seek qualified professional guidance in relation to their specific obligations.<\/p>\n\n<\/div>\n\n<script>\n  document.querySelectorAll('.nx-faq-q').forEach(function(btn) {\n    btn.addEventListener('click', function() {\n      var expanded = this.getAttribute('aria-expanded') === 'true';\n      this.setAttribute('aria-expanded', !expanded);\n      this.nextElementSibling.classList.toggle('open', !expanded);\n    });\n  });\n<\/script>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is COSMIC?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"COSMIC, the Collaborative Sharing of ML\/TF Information and Cases platform, was launched by MAS on 1 April 2024. 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COSMIC, the Collaborative Sharing of ML\/TF Information and Cases platform, launched on 1 April 2024 with [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":888,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_aioseo_title":"MAS COSMIC and Transaction Monitoring in Singapore | Nexiant","_aioseo_description":"COSMIC lets Singapore banks share customer red flags. What the platform, Notice 626 and MAS\u2019s 2026 expansion plans mean for transaction monitoring.","om_disable_all_campaigns":false,"footnotes":""},"categories":[62],"tags":[18,38],"class_list":["post-887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-singapore","tag-aml","tag-transaction-monitoring"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"COSMIC lets Singapore banks share customer red flags. 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