SINGAPORE

AML / KYC

Singapore Sharpens Focus on Source of Wealth Due Diligence

By Manesh Samtani | 05/06/2025

New guidelines in Singapore call for more robust source of wealth checks in banking and wealth management, experts say.

AML / KYC

Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

By Nithya Subramanian | 04/06/2025

The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

Fintech / Regtech

Euroclear, Marketnode Launch Funds Platform in Singapore

By Nithya Subramanian | 03/06/2025

The platform integrates Euroclear’s FundsPlace with Marketnode’s Fundnode to create a fully integrated fund order and processing system.

Crypto / Digital Assets

MAS Tightens Grip on Crypto Firms Serving Overseas Clients

By Manesh Samtani | 02/06/2025

MAS finalises rules imposing strict licensing and compliance standards on Singapore-based digital token service providers serving overseas investors.

ESG / Sustainability

Singapore Appoints Committee to Review Corporate Governance Code

By Editors | 30/05/2025

Committee to examine board independence, diversity, and sustainability disclosures, ensuring Singapore remains a trusted global financial hub.

Enforcement

Singapore Court Jails Trader for Market Manipulation

By Nithya Subramanian | 29/05/2025

Calvin Gan traded illiquid stocks on SGX by exploiting a trading algorithm used by Merrill Lynch. He used fake orders to profit from its automated responses.

Securities / Derivatives

MAS to Shortlist Managers for Market Development Fund by Q3

By Nithya Subramanian | 29/05/2025

MAS has drawn strong interest from global and regional asset managers for its SGD 5 billion programme aimed at revitalising the local stock market.

Singapore Updates Accountancy Code to Strengthen Tax Planning Ethics

By Editors | 29/05/2025

ACRA adopts global standards for tax services, effective July 2025, with transitional provisions for existing engagements.

AML / KYC

GLEIF Launches Global Partner Programme to Boost LEI Adoption

By Editors | 28/05/2025

The initiative aims to expand the use of the LEI and vLEI through collaboration with data vendors, financial institutions and tech firms.