Study says de-risking in correspondent banking can force individuals to even riskier, poorly regulated channels.
Bill proposes to amend 2001 Anti-Money Laundering Act which excluded casino operators, junkets.
Regulator to encourage more stringent assessment of suitability for investment activities.
Forex regulator denies media reports of changes to individual quotas, rules.
Mutual fund association developing recommendations of panel on digitisation of financial services.
Task force also notes Myanmar, Papua New Guinea commitments on AML and CTF.
Office in Miami provides details of Singapore account held by US citizen living in China.
SFC Annual Report also reveals sharp rise in AML breaches.
More than 70% of firms authorised to sell retail OTC derivatives said failing to meet requirements.
Singapore Exchange introduces reporting on ‘comply or explain’ basis.