Anti-Money Laundering

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.

Cryptocurrency

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.

KYC & CDD

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.

Conduct, Culture & Accountability

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.

Market Data & Technology

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.

Cybersecurity

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.

Tokenisation

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.

Structural Regulation

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 Data

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.