United Overseas Bank – Singapore – International Best Practice Competition (Fraud Monitoring for UOB Mobile Cash) – 2013

Fraud Monitoring for UOB Mobile Cash UOB bank launched Singapore's first mobile money service, Mobile Cash, enabling UOB customers to send money to any person in Singapore who has a mobile phone. As anyone, including non-bank customers, in Singapore could receive Mobile Cash, several mitigating measures were put in place to check for possible money laundering transactions. The mitigating measures requires UOB customers to pre-register his/her Mobile Cash recipients’ personal information, s