Singapore

AML / KYC

ACRA Working on Bill to Cap Nominee Directorships – Report

By Editors | 06/09/2023

Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.

Singapore Launches New Framework for Intangible Asset Disclosures

By Editors | 06/09/2023

The framework provides a systematic and consistent way for companies to disclose and communicate intangible assets to lenders, board members and investors.

Enforcement

MAS Imposes Lifetime Ban on Former Goldman Exec Roger Ng

By Editors | 05/09/2023

Roger Ng is banned from regulated activities in Singapore for life, due to his role in the theft of billions of dollars from 1MDB.

MAS to Get New Managing Director, Menon to Step Down

By Editors | 04/09/2023

Ravi Menon will step down from his role as managing director of MAS and retire from public service on 1 January 2024.

AML / KYC

MAS Offers New Guidance on BO Identification, Complex Structures

By Manesh Samtani | 01/09/2023

MAS inspections found “executional lapses” in this area as a result of “weak oversight” and “lack of risk awareness and vigilance”.

AML / KYC

MAS Issues Additional Guidance on Managing Sanctions Risk

By Manesh Samtani | 31/08/2023

The guidance covers board and senior management responsibilities and the use of look-back reviews of past transactions.

Securities / Derivatives

What SGX Regco Expects Of Disclosures Around Key Financial Indicators

By Boon Gin Tan | 31/08/2023

Boon Gin Tan and June Sim discuss SGX RegCo’s expectations of disclosures in respect of three financial indicators that are actively monitored.

ESG / Sustainability

Carbon Credit Registry Launches in Singapore, Hong Kong

By Editors | 30/08/2023

The new carbon credit registry, launched by Singapore-based Asia Carbon Institute, is among the first for Asia.

ESG / Sustainability

CIX’s Larsen Sees Case For Regulating Carbon Credits

By Jill Wong | 30/08/2023

Mikkel Larsen, Singapore-based CEO of Climate Impact X (CIX), talks to Regulation Asia about greenwashing and the scope for regulating the carbon credit market.