SINGAPORE

Enforcement

US Settles Credit Suisse Tax Evasion Probe Involving Singapore

By Nithya Subramanian | 07/05/2025

From 2014 to 2023, Credit Suisse’s Singapore branch held over USD 2 billion in undeclared accounts for US taxpayers.

Securities / Derivatives

Singapore SIC Proposes Changes to Take-overs and Mergers Code

By Nithya Subramanian | 06/05/2025

The proposed changes will enhance the competitive process of M&A deals while improving disclosures to investors and shareholders.

AML / KYC

The Skinny on Scams: Australia, Hong Kong, and Singapore Focus on Financial Deception

By Nathan Lynch | 06/05/2025

Nathan Lynch explores the lessons from the different approaches to managing the sophistication and scale of the burgeoning “scam industry”.

ESG / Sustainability

Confidence in Green Finance Dropping in Financial Centres

By Manesh Samtani | 29/04/2025

Singapore is the only APAC centre ranked in the top 10 in the 15th edition of the Global Green Finance Index by Z/Yen.

Fintech / Regtech

SC Ventures Completes AI Projects with Singapore’s A*STAR

By Nithya Subramanian | 29/04/2025

The projects focused on regulatory automation and fairness in AI, advancing the use of Generative AI in the financial services sector.

ESG / Sustainability

SSFA Urges Financial Firms to Target Nature-Related Risks

By Nithya Subramanian | 28/04/2025

The Singapore Sustainable Finance Association published an eight-step framework to help FIs incorporate nature into their financing strategies.

Fintech / Regtech

Culture and Conduct as the New Moat in APAC’s Wealth Sector

By Mary Leung | 28/04/2025

Traditional competitive advantages are fading in APAC’s booming wealth management sector, making a strong client-centric culture the new key to success, writes Mary Leung.

Big Picture

FBI Identifies Hong Kong as Top Destination for Fraudulent Wire Transfers

By Manesh Samtani | 27/04/2025

Other top international destinations for fraudulent wire transactions in 2024 included Vietnam, Philippines, India and China.

Fintech / Regtech

Singapore Mulls Requiring Cybersecurity Certification for FIs’ Vendors

By Nithya Subramanian | 26/04/2025

The renewed focus on vendors comes after a ransomware attack on a printing service provider that affected DBS and Bank of China.