Crypto / Digital Assets

Crypto Software Firm Consensys Files Suit Against US SEC

29/04/2024

Consensys has asked a federal court to declare that Ethereum is not a security, and therefore outside the SEC’s jurisdiction.

Securities / Derivatives

MAS Tightens Remuneration Disclosure Rule for REIT Managers

29/04/2024

MAS has removed the exemption provision and made it mandatory to disclose CEO and director remuneration in the annual report.

ESG / Sustainability

Barclays Accused of Greenwashing for Oil Company Financing

29/04/2024

Environmental groups say Barclays misled the public by labelling its €4bn in financing for Italian oil company Eni as “sustainable”.

Enforcement

Bank of Singapore Dismisses Staff Over Misuse of Medical Benefits

28/04/2024

The employees submitted claims for supplements, baby milk and beauty products, which were non-claimable items.

Market Infrastructure

MAS Issues New Guidance on RFMC Transition

26/04/2024

New FAQs provide clarity on the application and assessment process and how existing RFMCs can ensure smooth functioning during the transition phase.

Enforcement

US Citizen Jailed in Singapore for Running Ponzi Scheme

26/04/2024

Michael Philip Atkins cheated more than 1,000 investors in a forex trading scheme involving more than S$18mn.

Enforcement

Singapore Court Sentences Money Mule to 10 Years Jail

25/04/2024

Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.

ESG / Sustainability

AVPN Launches Social Investing Platform in Singapore

25/04/2024

ImpactCollab launched with MAS support, offering due diligence resources to facilitate impact investing and philanthropic giving.

ESG / Sustainability

UK FCA Proposes to Extend SDR Rules to Portfolio Managers

25/04/2024

The FCA is consulting on extending the SDR rules until 14 June and concurrently published anti-greenwashing guidance which takes effect on 31 May 2024.