Singapore

Cryptocurrency

2022: A Roaring Year for Digital Assets in Singapore

By Angela Ang | 18/01/2023

Angela Ang looks back at digital asset developments in 2022 in Singapore, and ahead to what to expect in 2023.

Fraud, Scams & Cybercrime

Singapore: Ex-Agritrade CFO Sentenced to 20 Years Jail

By Editors | 17/01/2023

The former CFO instructed subordinates to submit false financial statements to banks in Japan, South Korea, India and Taiwan to obtain trade financing.

Reporting & Disclosures

WWF-Singapore Publishes Sustainable Banking Assessment 2022

By Editors | 16/01/2023

The report calls on financial sector regulators to implement and align E&S risk management requirements for banks to ensure financial stability.

Sustainable Finance

Bank of Singapore Adopts Stewardship Principles for Responsible Investors

By Editors | 12/01/2023

Bank of Singapore has become the first private bank to adopt the Singapore Stewardship Principles for Responsible Investors.

Payments & Settlements

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

Conduct, Culture & Accountability

SGX RegCo Finalises Rules on Independent Director Tenure

By Editors | 11/01/2023

Listing rule changes introduce a nine-year tenure limit for independent directors and requirements for enhanced remuneration disclosures in annual reports.

Cryptocurrency

Singapore’s New Crypto Rules Too Restrictive, Says Industry Body

By Editors | 10/01/2023

A blanket ban on providing credit could push retail investors to lend their crypto tokens via unregulated offshore firms.

Fraud, Scams & Cybercrime

Singapore: Youth Pleads Guilty Over OCBC Phishing Scams

By Editors | 08/01/2023

The 19-year-old is the second Singaporean youth to plead guilty for helping an overseas syndicate launder the proceeds from phishing scams against OCBC customers.

Fraud, Scams & Cybercrime

Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack

By Editors | 05/01/2023

BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.