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AML / KYC
FINMA Fines Julius Baer Over High-Risk Client Breaches
By Nithya Subramanian | 21/05/2025
Julius Baer has been fined CHF 4m over AML failures linked to high-risk clients in India, Singapore, and other branches.
Securities / Derivatives
Abaxx Set to Launch Singapore Gold Kilobar Futures
By Nithya Subramanian | 18/05/2025
Abaxx Technologies is set to launch Gold Kilobar Futures and a new spot trading platform in Singapore on 12 June 2025.
Market Infrastructure
SGX RegCo Proposes Shift to Disclosure-Based Regime
By Nithya Subramanian | 16/05/2025
SGX RegCo is considering removing the profit test criterion or lowering it from the current SGD 30 million to around SGD 10-12 million.
Market Infrastructure
MAS Proposes Reforms to Streamline IPO Process
By Nithya Subramanian | 16/05/2025
These proposals are part of the first set of initiatives recommended by the Equities Market Review Group earlier this year.
Crypto / Digital Assets
MAS Approves Launch of First Tokenised Fund for Retail Investors
By Nithya Subramanian | 16/05/2025
With a USD 20 minimum investment, the Franklin Templeton tokenised money market fund aims to broaden access to a traditionally institutional asset class.
AML / KYC
ABS Releases New AML/CFT Guidance for Wealth Management Sector
By Manesh Samtani | 14/05/2025
Two best practice papers were released, one on SoW due diligence and the other on risks in the wealth management sector.
Sanctions
US Sanctions Asia Entities Facilitating Iran Oil Shipments to China
By Manesh Samtani | 14/05/2025
The sanctions include nine targets based in Hong Kong, three based in mainland China, and two based in Singapore.
Market Infrastructure
EEX Group Welcomes First General Clearing Member from APAC
By Nithya Subramanian | 11/05/2025
The move expands the global footprint of EEX Group’s clearing arm, while enhancing access to international energy and commodity markets for APAC clients.
ESG / Sustainability
Singapore Continues Commitment to Green Finance, Defying Global Pullback
By Nathan Lynch | 08/05/2025
MAS officials said the energy transition across Asia-Pacific would be increasingly critical, despite the recent political pullback on climate change.
MAS Proposes to Tighten Financial Advertising Regulations
By Nithya Subramanian | 07/05/2025
MAS proposes to remove exemptions applicable to sophisticated investors and to bring non-product financial advertisements into scope.
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