Singapore

Anti-Money Laundering

MAS Highlights Misuse of Legal Persons through Data Analytics

By Jill Wong | 03/07/2023

The MAS has published a paper to guide banks in using data analytics to detect and prevent the use of front companies to conceal illicit activities.

Structural Regulation

SGX RegCo Issues New Guidance on Use of IFAs

By Editors | 03/07/2023

The guidance sets out expectations on the advice IFAs provide on proposed transactions such as exit offers and interested person transactions.

Structural Regulation

Singapore Finalises Approach for Transitioning SIBOR Loans to SORA

By Manesh Samtani | 30/06/2023

Recommendations finalised for how adjustment spreads should be set for converting SIBOR loans to a SORA reference rate.

Anti-Money Laundering

Singapore Gets Tough on Money Laundering through Property

By Karen Ng | 30/06/2023

Lawyers talk to Regulation Asia about the implications of Singapore’s new property AML rules.

Cloud & Infrastructure

MAS Launches New SME Support Project with Rwanda Central Bank

By Sanday Chongo Kabange | 30/06/2023

The project aims to solve data unavailability challenges that prevent SMEs from accessing financing from banks.

CBDCs

BIS Releases Interim Report on Project Mariana

By Editors | 29/06/2023

Project Mariana is studying the use of DeFi automated market makers and wholesale CBDC for cross-border foreign exchange transactions.

Reporting & Disclosures

MAS Issues Consultation to Include Coal Phaseout in Taxonomy

By Editors | 28/06/2023

MAS decided to issue a fourth consultation to include criteria for coal phaseout projects in the Singapore-Asia Taxonomy.

ESG Data

MAS Proposes Industry Code for ESG Data Providers

By Editors | 28/06/2023

The code establishes industry standards of transparency in methodologies and data sources, governance, and conflicts of interest management.

Anti-Money Laundering

Singapore Court Jails Businessman in Wirecard Case

By Karen Ng | 28/06/2023

This is the third jail sentence relating to the Wirecard case handed out by the Singapore court within the past week.