MAS-BOT cybersecurity MoU signed

The Singapore — Monetary Authority of Singapore (MAS) and the Thailand — Bank of Thailand (BOT) signed a Memorandum of Understanding (MoU) on Cybersecurity Cooperation and Digital Fraud Protection on 24 July 2026 during the 31st EMEAP Central Banks Governors' Meeting in Singapore. The MoU formalizes and expands ongoing collaboration to strengthen cyber resilience and combat digital fraud across their respective financial sectors. It establishes a framework for cooperation in three areas: information sharing on cybersecurity and digital fraud (including regulatory updates, incident developments, and threat intelligence), competency-building (joint staff training, study visits, and research exchanges), and operational preparedness (joint cross-border cybersecurity and crisis management exercises). The agreement reflects growing concern among regulators over increasingly sophisticated cyber threats and cross-border digital fraud risks linked to interconnected financial systems. MAS Managing Director Chia Der Jiun and BOT Governor Vitai Ratanakorn signed the agreement. The MoU is part of a wider regional trend towards stronger regulatory cooperation on cybersecurity and fraud prevention.