Singapore Regulator Intervenes in Chocolate Finance Withdrawal Issues
2025-03-12
Yahoo Finance
The Monetary Authority of Singapore (MAS) is working closely with Chocfin Pte., an online robo-advisor, and Allfunds, an independent fund custodian, to ensure that customer withdrawals are processed in an orderly and timely manner. This move aims to protect the interests of investors and maintain stability in the financial market. With the MAS's intervention, customers can expect a smoother and more secure withdrawal process, mitigating potential risks and uncertainties. The regulator's oversight will also promote transparency and accountability in the industry, aligning with the country's commitment to financial integrity and investor protection.
