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Enforcement
Singapore Charges Former Hyflux Execs for Disclosure Failures
By Editors | 18/11/2022
A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.
ESG / Sustainability
UAE State Fund Acquires Stake in AirCarbon Exchange
By Editors | 17/11/2022
The investment will help AirCarbon Exchange establish a regulated carbon trading exchange and clearinghouse in Abu Dhabi.
Fintech / Regtech
MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs
By Editors | 15/11/2022
The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.
Crypto / Digital Assets
Singapore and Hong Kong Regulators Address FTX Queries
By Editors | 15/11/2022
MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.
Securities / Derivatives
UOB Lists First Product on SGX Using Shenzhen ETF Link
By Editors | 15/11/2022
The SGX-listed ETF replicates the performance of SZSE’s ChiNext Index by investing in a Shenzhen-listed ETF managed by Ping An Fund Management.
Fintech / Regtech
Five ASEAN Central Banks Sign MoU on Payments Connectivity
By Sanday Chongo Kabange | 15/11/2022
The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
ESG / Sustainability
UK Think Tank Accuses Singapore’s Sembcorp of Greenwashing
By Editors | 14/11/2022
The allegations relate to Sembcorp’s sale of its India coal business while still retaining “substantial liabilities” and “operational influence”.
Crypto / Digital Assets
NY Fed, MAS to Test CBDC-based Cross-Border Payments
By Editors | 11/11/2022
“Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.
Enforcement
DFSA Fines Bank of Singapore for Inadequate AML Controls
By Editors | 11/11/2022
Bank of Singapore offered the DFSA an enforceable undertaking agreeing to remediate deficiencies and engage an external compliance expert for verification.
Crypto / Digital Assets
HashKey Obtains New Approvals in Hong Kong, Singapore
By Editors | 10/11/2022
HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.
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