When money and goods are included in the transaction between a trader and a person who is conducting the orders, the trading is something that must be kept private and secured. Considering that there are multiple scammers or deceitful people who will take advantage of these sets of negotiations.
In the country of Singapore, to avoid such things to happen, they have established both the Singapore Exchange (SGX) and the Monetary Authority of Singapore. Where these sectors are specially implemented to give authoritativeness to each trade that is being withheld by Financial Institutions, this includes any bargain from their company’s négociants and as well as with the person who is escorting the trade and order, and even communications between the two where transaction of products are not present.
This policy did manage mobile communications archiving in their country. That is why double-dealing or any fraudulent activity are foreseen.
If you are a netizen in the Republic of Singapore who are about to begin their Financial Institution or about to conduct a Market Property within the country, you must first educate yourself with the regulations being conducted by the Monetary Authority of Singapore.
To know more, read the infographic below brought to you by TeleMessage:
Infographic Source: https://www.telemessage.com/mobile-communications-archiving-monetary-authority-of-singapore-regulations-to-consider/