Singapore

MAS said it will defer the implementation of the final Basel III reforms in Singapore, to between 1 January 2024 and 1 January 2025.

Orders introduced early in the pandemic to allow companies to conduct general meetings by electronic means will expire on 1 July 2023.

The partnership includes efforts to advance new and emerging areas such as 5G/6G, artificial intelligence, and digital identities.

The blueprint includes recommendations to discourage ransomware payments and make it mandatory for organisations to report such payments.

MAS proposes to widen the Guidelines to explicitly include all FIs and the corresponding products and services that they offer to their customers.

The man, while working as a manager for Pokka International, sold beverages he knew would later be exported to North Korea for commercial trade.

The former CFO used false financial statements to obtain loans for Agritrade International and its suppliers, causing over $469mn in losses for up to 12 banks.

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

The former representative deceived seven customers into transferring S$2mn to his personal bank accounts by promoting fictitious fixed deposits and other investment products.

Up to 500 Chinese companies are estimated to have set up in Singapore this year. Meanwhile Hong Kong hedge funds are increasingly setting up operations in the city-state.