Singapore

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    PEPs & Sanctions

    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.

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    Structural Regulation

    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.

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    Sustainable Finance

    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.

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    Sustainable Finance

    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.

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    Payments & Settlements

    Singapore, India Complete First Interoperable eBL Transaction

    By Editors | 29/08/2023

    Supported by Enterprise Singapore, DBS Bank completed the transaction in partnership with Maptrasco using IMDA’s TradeTrust framework.

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    AI Risk & Governance

    Digital Technologies, Sustainability Key Areas for Dispute Resolution

    By Jill Wong | 29/08/2023

    The Singapore Convention Week, jointly organised by Singapore’s Ministry of Law and UNCITRAL, kicks off today (29 August) with discussions around digital technologies and sustainability.

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    Anti-Money Laundering

    Singapore AML Probe Expands to Precious Metals, Property Agents

    By Manesh Samtani | 29/08/2023

    MinLaw urged precious metals dealers to review their transactions and business relationships. The Council for Estate Agencies is investigating property agents.

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    Operational Risk

    OCBC Suffers Near Four-hour Bank Service Outage

    By Editors | 28/08/2023

    OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

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    Conduct, Culture & Accountability

    MAS Enhances Safeguards for Vulnerable Advice Customers

    By Manesh Samtani | 28/08/2023

    Financial advisory firms have to identify vulnerable customers, conduct pretransaction checks, and ask a “trusted individual” to be present during the sales and advisory process.

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    Climate Risk

    Singapore, Sri Lanka Forge Partnership to Develop Carbon Credit Agreement

    By Ranamita Chakraborty | 24/08/2023

    Under the agreement, Singapore’s carbon tax-liable companies can purchase carbon credits from eligible projects to offset up to 5 percent of their taxable emissions.

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