Uploaded on Apr 15, 2021
The mobile phone recording requirements in Singapore are implemented by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX). Singaporean companies that are using WeChat for mobile communications need to comply with Singapore WeChat recording MAS archiving regulations to continue their operations while avoiding hefty fines. For more information on WeChat recording MAS, visit our website at https://www.telemessage.com/
Things To Know About WeChat Recording MAS
THINGS TO KNOW ABOUT
WECHAT RECORDING MAS
THINGS TO KNOW ABOUT WECHAT
RECORDING MAS
• As of now, WeChat is one of the top standalone multi-services applications in the whole world. This app recently
bypassed 900 million daily active users, which include many Singaporean traders as well as bankers. Approximately
80 percent of all Singaporean WeChat users use this app in the workplace, something that has resulted into its mass
adoption in Singapore.
• The business landscape in Singapore has seen a widespread use of WeChat as both firms and their customers see the
app as a very convenient communication channel, especially during these COVID-19 era. The app is useful both for
communication purposes as well as for bill payments and connecting with people through social media. Both WeChat
and WeChat Work have a lot of features that their respective users can fully enjoy while making use of the apps.
• The mobile phone recording requirements in Singapore are implemented by the Monetary Authority of Singapore
(MAS) and the Singapore Exchange (SGX). Singaporean companies that are using WeChat for mobile communications
need to comply with Singapore WeChat recording MAS archiving regulations to continue their operations while
avoiding hefty fines
THINGS TO KNOW ABOUT WECHAT
RECORDING MAS
• It is very important to set up operative messaging policies to make sure that all of your company’s
mobile communications are compliant with MAS regulatory requirements. MAS also seeks to
enforce new requirements that require financial institutions to record all business communications,
including those that are held in personal devices, making policies for mobile phone use very crucial.
• Business people must record all WeChat communications between their trading representatives as
well as the person responsible for instructing the orders and trades for any capital market product in
the customers’ accounts. Communication must be retained and maintained for five years even if it
does not produce a transaction.
• For more information on WeChat recording MAS, visit our website at
https://www.telemessage.com/
THINGS TO KNOW ABOUT
WECHAT RECORDING MAS
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