SINGAPORE

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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