Singapore

Enforcement

Singapore: Former MOM Officer Jailed Over Unauthorised Access to DBS Data

By Mark Johnston | 15/09/2023

A former MOM employee has been sentenced to five weeks’ jail for asking former DBS employee to find out his ministry colleagues’ salaries.

SGX Revamps Organisational Structure to Boost Growth

By Mark Johnston | 15/09/2023

SGX has announced a new organisational structure and senior management appointments to enhance its multi-asset capabilities and growth prospects.

ESG / Sustainability

Singapore Launches Largest Ever Equity ETF to Drive Climate Action

By Editors | 14/09/2023

The SGX-listed fund is managed by BlackRock and anchored by Prudential, with additional backing from investors that include Temasek and Singlife.

AML / KYC

Singapore Announces New Initiatives to Support Family Offices

By Editors | 14/09/2023

The initiatives will help new family offices orientate themselves in Singapore and strengthen their financial crime compliance capabilities.

Crypto / Digital Assets

Understanding AI in Blockchain Key to Smart Contracts Growth 

By Jill Wong | 13/09/2023

The interaction of AI and blockchain technology means the sophistication of smart contracts is breaking new ground.

ESG / Sustainability

ASEAN Exchanges Agree on New Set of ESG Metrics

By Editors | 13/09/2023

Previously, Environment (E) and Social (S) metrics were developed. The exchanges have now agreed on complementary Governance (G) metrics.

AML / KYC

Singapore’s PayNow to End ‘Nickname’ Feature Next Year

By Sanday Chongo Kabange | 12/09/2023

The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

Securities / Derivatives

Singapore Exchange Reorganises Capital Markets Business Units

By Editors | 12/09/2023

The debt capital market and corporate client coverage units have been folded into SGX’s equity capital markets division.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.