Singapore

Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.

Vertex Technology Acquisition Corp and Pegasus Asia listed last week. A third SPAC, filed by Novo Tellus Alpha Acquisition, will debut on Thursday.

MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

Vistra failed to identify certain higher risk accounts and to subject these accounts to EDD measures, both during account acquisition as well as on an ongoing basis.

Singapore banks will put in place the more stringent measures within the next two weeks, and work on more permanent solutions in the coming months.

New guidelines say crypto firms should refrain from advertising their services in public areas in Singapore or via social media influencers.

ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

MAS will transfer about SGD 185 billion in excess reserves to the government in stages. GIC is estimated to become the world's third-largest sovereign wealth fund as a result.

Futures contracts in cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide will be launched subject to regulatory approval.

Prospectuses have been filed by Vertex Technology Acquisition Corporation, Pegasus Asia, and Novo Tellus Capital Partners.