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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.

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.

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.

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.

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.

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.

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.

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.

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.

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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