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Enforcement
Singapore Police, Banks Step Up Scam Intervention Efforts
By Editors | 31/03/2022
In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.
Securities / Derivatives
MAS Publishes New Compliance Toolkit for CMS Licensees
By Editors | 31/03/2022
The toolkit is applicable to CMS licensees that deal in capital markets products, advise on corporate finance, or provide product financing, custodial services or credit rating services.
Capital / Liquidity
MAS Proposes Revisions to Bank Capital Disclosure Requirements
By Editors | 31/03/2022
The changes reflect the final Basel III reforms and will improve the consistency and comparability of disclosures across Singapore incorporated banks.
Enforcement
Singapore Jails Nominee Director for Facilitating Illicit Activities
By Editors | 29/03/2022
The director of corporate service provider 3E Accounting served as local resident director of four companies whose bank accounts were used to receive criminal proceeds.
Fintech / Regtech
Singapore Working Group to Develop BNPL Framework
By Editors | 24/03/2022
The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.
Singapore’s Insurers Gets New Culture and Conduct Guidance
By Ranamita Chakraborty | 23/03/2022
Two new papers have been published to help Singapore’s insurance industry in elevating their culture and conduct standards.
Fintech / Regtech
BIS, Central Banks Complete Development of Multi-CBDC Prototypes
By Sanday Chongo Kabange | 23/03/2022
The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
Enforcement
SG Police Charge Two for Disclosing Singpass Login Details
By Editors | 23/03/2022
The Singpass login details were used by scam syndicates to open new bank accounts to launder the proceeds of crime.
Enforcement
MAS Bars Former DBS Wealth Planner for Cheating Clients
By Editors | 20/03/2022
The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.
ESG / Sustainability
MAS, CDP Partner to Enhance Access to Quality ESG Data
By Editors | 20/03/2022
MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.
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