Singapore aims to drive digital trust with $36.3M research facility

Singapore aims to drive digital trust with $36.3M research facility

Founded by Singapore investment bank Reliance Ventures, Singapore-based Reliance Ventures (RYP) is the parent company of Singapore’s leading public sector center, the Digital Trust Center (DTC).

Founded in 2013, RYP has been working with the Government of Singapore to develop a unique and completely mobile technology project to connect Singapore’s digital health benefits and remove the need for traditional government-issued financial transactions.

“The DTC is at the final stage of development, which will bring a natural conclusion to the concept of digital cash because it will fundamentally transform the way we will treat the digital economy for the future,” said Singapore’s CEO, Chris Lee.

“The Digital Trust Center, which will provide a new array of services related to digital health, was conceived as a way to give Singaporean people the ability to travel to places without having to step outside the direct financial system. It will bring a natural conclusion to the concept of digital cash because it will fundamentally transform the way we will treat the digital economy for the future.”

Tickets for the ‘Day of the Digital Man’ event at the 21st annual project fair will be offered at the kiosks, for at least one day at a time, from 4 pm to 7 pm on Monday June 2, 2017, at Singapore Dialogue Booth (iqw.sg/sek/sg/bk). Tickets will be available online at www.sed.gov.sg/digitaltrustcenter.

Sponsoring

The event is open to all by donation, as is the event’s main sponsor, RYP.

For more information and to register for the event, please call 888-621-9489 or email dilettor@sed.gov.sg.

DOT seeks to improve the lives of Singaporeans

DOT has carried out follow-up audits and assessments of all Singapore officials found to be engaged in illegal activity and to be guilty of corruption.

The National Audit Office and the Public Accounts Committee (PAC) also conducted an investigation, and the body took a strong stance against these illegal activities.

In addition, an additional $1.5 million has been raised for the following activities, which were deemed illegal:

Operation Kogens and Operation Rysinthi: the attempts to defraud the public accounts of Singapore’s national auditor had failed.

Operation Hermitage: a scheme of borrowing for tax evasion by the financial services organisation that had provided to the Malaysian authorities sufficient funds for its operation.

Operation Saizo: a scheme of money laundering intended to divert clients from the banking sector.

Operation Tivan Ek, The Path to Fourth Estate: an illegal scheme to hide the real estate licence and the accounting of the proceeds of our operations by corrupt officials.

Operation Bon Chen: a scheme of money laundering designed to conceal the true reality of our commonwealth’s financial operations.

DOE EXIST ON THE EUROPEAN ORDER FOR DICTIONARY OF CONSOLIDATED RECORDS

The European Commission has recently agreed to provide a new and enhanced regional tax authority to be created under the European Economic Area (EEA), coordinated by the EU Regional Tax Committee (CTC).

From 1 January 2017, the European Commission will provide a new authority, up to, and including,

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