AML / KYC

DIA Offers Insight into TF Risks Facing New Zealand

07/08/2024

The DIA warns that terrorism financiers could manipulate New Zealand’s financial system and legal structures using methods similar to money launderers.

Crypto / Digital Assets

MAS Grants MPI License to HashKey’s OTC Trading Arm

06/08/2024

The licence authorises HashKey Technology Services to offer OTC trading services for digital payment tokens in Singapore.

AML / KYC

MAS to Require Family Offices to Undergo Screening Process

06/08/2024

From 1st October, Singapore-based family offices must complete a screening process with approved providers to qualify for tax incentives.

MAS Proposes New Rules to Improve Retail Client Safeguards

06/08/2024

The new requirements are designed to strengthen pre- and post-transaction safeguards for investment products.

ESG / Sustainability

IFRS Foundation Issues Guidance on Digital Financial Reporting

06/08/2024

IFRS Foundation provides guidance to regulators on implementing digital taxonomies for digital financial reporting.

Fintech / Regtech

MAS Paper Warns FIs of Cyber Risks Arising from GenAI

04/08/2024

The paper focuses on deepfakes, GenAI-enabled phishing, AI-powered malware, data leakage and output manipulation.

Crypto / Digital Assets

Ripple Integrates Tokenised US Treasury Bills on XRP Ledger

04/08/2024

Ripple established a partnership with Singapore-based OpenEden to integrate tokenised T-bills on the XRP Ledger.

Market Infrastructure

SGX RegCo CEO Urges Directors to Embrace Market Discipline

02/08/2024

SGX is open to updating its safe harbour guidelines for forward-looking statements to encourage listed companies to make decision-useful disclosures.

ESG / Sustainability

Malaysia JC3 to Pursue Additional Climate-related Data Initiatives

01/08/2024

The Joint Committee on Climate Change will help develop national emissions factors for key industrial sectors and simplify climate-related reporting for businesses.