Singapore

    AML / KYC

    Singapore Jails Korean National Over S$1.55b TBML Scheme

    By Nithya Subramanian | 03/10/2025

    Kim Taek-hoon was sentenced for his role in converting illicit cash from abroad into gold bars for smuggling to South Korea and Japan.

    Crypto / Digital Assets

    OKX Enables Stablecoin Payments at GrabPay Merchants in Singapore

    By Nithya Subramanian | 02/10/2025

    The launch of OKX Pay allows Singapore consumers to use USDT and USDC for daily purchases at GrabPay merchants, with payments settled in Singapore dollars via StraitsX’s XSGD stablecoin.

    Fintech / Regtech

    APAC Payments Sector Faces Urgent Call to Act on Quantum Computing Risks

    By Editors | 02/10/2025

    An industry report warns of "harvest-now, decrypt-later" cyber threats and urges banks and payment providers to upgrade cryptographic defences amid a significant awareness gap.

    AML / KYC

    Singapore Court Blocks 1MDB Liquidators from Suing Banks Over Pre-2018 Deals

    By Nithya Subramanian | 02/10/2025

    The court dismissed attempts by 1MDB liquidators to claw back funds from Standard Chartered and BSI, citing a legal cut-off that excludes transactions predating the city-state’s 2018 insolvency law.

    Fintech / Regtech

    APAC Firms Face Major ‘Execution Gap’ in Responsible AI - Report

    By Manesh Samtani | 30/09/2025

    A new report finds that while many APAC firms have responsible AI strategies, very few have fully operationalised them.

    Market Infrastructure

    MAS to Simplify Tax Scheme, Account Opening for Family Offices

    By Nithya Subramanian | 30/09/2025

    MAS will ease reporting and documentation for family office tax schemes, while a new working group is targeting more efficient account opening through AI.

    Fintech / Regtech

    MAS Completes Quantum Security Trials to Safeguard Financial Networks

    By Nithya Subramanian | 30/09/2025

    A proof-of-concept sandbox on QKD highlighted both benefits and gaps, with findings revealing the need for interoperability, stronger assurance, and international standards.

    Enforcement

    Thailand's Deputy Finance Minister Linked to Dirty Money Network - Report

    By Editors | 29/09/2025

    Vorapak Tanyawong allegedly used Singapore VCCs to conceal the takeover of a Thai finance company that was used to launder scam proceeds from Cambodia.

    Singapore Banks, ABS to Develop Guidelines to Shield Seniors from Financial Abuse

    By Nithya Subramanian | 29/09/2025

    Singapore banks are stepping up training for front-line staff to spot signs of elderly customers being financially abused by family members.

    Fintech / Regtech

    Singapore Tables Bill to Allow E-Mortgages, Remote Witnessing for Property Deals

    By Editors | 26/09/2025

    New legislation will create government-run digital platforms for conveyancing, allowing for legally binding electronic deeds and signatures for property transactions.

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