Singapore

Reporting & Disclosures

UK, Singapore Strengthen Cooperation in Sustainable Finance

By Ranamita Chakraborty | 28/07/2023

In a recent financial dialogue, both countries agreed to support the International Sustainability Standards Board in implementing sustainability reporting standards.

Stablecoins

Singapore High Court Recognises Crypto as Personal Property

By Ranamita Chakraborty | 27/07/2023

The court ruled that holders of crypto assets have legally enforceable property rights under common law, marking a significant milestone in crypto case law globally.

Conduct, Culture & Accountability

Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

By Ranamita Chakraborty | 27/07/2023

LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.

Fraud, Scams & Cybercrime

Singapore Police Issues Advisory on Investment Scams

By Editors | 20/07/2023

The Singapore Police Force said 498 victims lost at least S$25.5mn through investment scams since June.

Fraud, Scams & Cybercrime

MAS Issues Five Year Ban on Former Prudential Representative

By Editors | 20/07/2023

The former representative edited and submitted 11 false invoices to Prudential and deceived the company into making payouts to her clients.

Structural Regulation

Deposit Caps Raised for Singapore Digital Banks GXS, Maribank

By Editors | 19/07/2023

Grab’s GXS Bank and Sea’s Maribank have both increased the maximum deposit allowed in savings accounts from S$5,000 to S$75,000.

Fraud, Scams & Cybercrime

Singapore Imposes Record 19-Year Jail Term on Former Lawyer

By Editors | 18/07/2023

The case involves the misappropriation of S$76mn in clients’ funds over three years by the former lawyer, previously the managing partner of JLC Advisors LLP.

Structural Regulation

DBS Opens International Financial Services Centre Unit in India’s GIFT City

By Ranamita Chakraborty | 18/07/2023

More financial companies from Singapore are expected to enter India’s Gujarat International Finance Tec-City (GIFT City) following the launch of a new cross-border trading link between India and Singapore.

Anti-Bribery & Corruption

Singapore Shaken by Rare Corruption Probe

By Editors | 17/07/2023

A government minister and a prominent property tycoon were arrested and released on bail last week.