Singapore

Structural Regulation

Singapore Raises ABSD Stamp Duties to Cool Property Market

By Editors | 28/04/2023

Foreigners buying any residential property in Singapore will see the Additional Buyer’s Stamp Duty double.

Conduct, Culture & Accountability

Boards Should Take Requisitions Seriously: SGX RegCo

By Editors | 27/04/2023

While requisitions may be unwelcome, boards should consider their merits and engage with the requisitionists to find common ground.

PEPs & Sanctions

British American Tobacco to Pay $629m in DPRK Sanctions Case

By Mark Johnston | 27/04/2023

OFAC’s $508mn penalty, its largest ever against a non-financial institution, settles charges related to the export of tobacco products to North Korea.

Market Abuse

Singapore Trader Sentenced to Jail, Fine for SFA Breach

By Editors | 27/04/2023

The trader would sell the securities to his relatives before buying them back at higher prices using his employer’s accounts.

Resolution & Recovery

Singapore Retail Investors Underrepresented in Bond Restructuring

By Manesh Samtani | 26/04/2023

The Law Reform Committee of the Singapore Academy of Law proposes reforms to improve Singapore’s framework for bond restructuring.

Conduct, Culture & Accountability

MAS Proposes Stronger Safeguards for Prospecting, Marketing

By Editors | 25/04/2023

FIs that regularly conduct marketing and distribution activities would have to identify senior managers to exert oversight over these activities.

Conduct, Culture & Accountability

MAS Launches Polytechnic Talent for Finance Scheme

By Editors | 25/04/2023

FIs can tap the scheme to defray the cost of offering internships, apprenticeships and academic sponsorships to polytechnic graduates and students.

Fraud, Scams & Cybercrime

19 Year Old Pleads Guilty for Involvement in OCBC Phishing Scams

By Editors | 24/04/2023

The youth is the sixth individual to be convicted among those accused of being involved in phishing scams.

Sustainable Finance

Singapore, China Deepen Collaboration on Green Finance

By Editors | 24/04/2023

MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.