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Market Abuse
MAS Penalises Former UOBKH Representative for False Trading
By Editors | 19/08/2022
The former UOB Kay Hian trading representative committed false and unauthorised trading for a client who was himself sentenced in March 2021.
Anti-Money Laundering
Wirecard-related Charges Filed in Singapore, Philippines
By Editors | 18/08/2022
The charges in Singapore are for criminal breach of trust and money laundering. A bank official in the Philippines was indicted.
Cryptocurrency
Crypto Firm Hodlnaut Applies for Judicial Management in Singapore
By Editors | 18/08/2022
The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.
Fraud, Scams & Cybercrime
Singapore Proposes Mandatory SMS Sender Registration to Combat Scams
By Darien Choong | 18/08/2022
IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.
Trading & Investment
Investment Funds Increasingly Setting Up as Singapore VCCs
By Editors | 17/08/2022
Singapore has reportedly been welcoming more than a dozen investment funds every month under the VCC regime.
Cryptocurrency
MAS Rescinds IPA Granted to Crypto Lender Hodlnaut
By Editors | 11/08/2022
Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.
Market Risk
MAS Revises Notice to Implement IRRBB Disclosure Requirements
By Editors | 09/08/2022
The revised Notice 637 will take effect from 1 January 2023, implementing the revised Pillar 3 disclosure requirements for IRRBB.
Operational Risk
MAS Sets Out Expectations on Third Party Risk Management
By Editors | 08/08/2022
MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.
Fraud, Scams & Cybercrime
DBS-led Hackathon to Tackle Fraud Challenges
By Editors | 04/08/2022
More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.
ESG Data
Data with Destiny: Bridging Asia’s ESG Information Gap
By Editors | 02/08/2022
While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.
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