SINGAPORE

Enforcement

MAS Imposes Six-Year Ban on ex-Financial Adviser

By Mark Johnston | 24/03/2025

A former Professional Investment Advisory Services representative has received a prohibition order for forgery and cheating convictions.

Singapore Family Office Sues Ex-Employees for S$74m Fraud

By Nithya Subramanian | 20/03/2025

Chinese businessman has accused former staff of fabricating transactions and documents to siphon funds from his family office.

Capital / Liquidity

Singapore Banks to Take Steps to Reduce Excess Capital – Report

By Manesh Samtani | 19/03/2025

S&P Global Ratings says the Basel reforms raised capital ratios at Singapore banks, and they are now likely to take steps to cut back on this excess capital.

Crypto / Digital Assets

MAS Grants In-Principle Approval to Crypto Major Cumberland

By Nithya Subramanian | 19/03/2025

Cumberland’s regulatory progress in Singapore comes after the US SEC agreed to drop its lawsuit against the firm earlier this month.

Enforcement

Taiwan Fines Singapore Fintech Firm Over China Links

By Nithya Subramanian | 19/03/2025

AnyTech violated Taiwan’s investment norms due to links to a Beijing-based investor. Cathay United Bank terminated its contract with the Singapore company.

ESG / Sustainability

Singapore’s Banks Embrace the Singapore-Asia Taxonomy

By Nithya Subramanian | 19/03/2025

MAS information paper reveals how banks are referencing the taxonomy in their sustainable financing frameworks.

Big Picture

Asia a Key Destination as Crypto Startups Exit Europe

By Thisanka Siripala | 18/03/2025

The report says 75% of Europe’s virtual asset service providers could lose registration under MiCA by mid-2025.

Fintech / Regtech

Singapore and Vietnam Strengthen Regulatory Cooperation

By Nithya Subramanian | 14/03/2025

Regulators will collaborate on capital markets, digital assets, cross-border payment connectivity, and fintech growth.

Fintech / Regtech

MAS Engaging with Chocolate Finance Over Suspended Withdrawals

By Nithya Subramanian | 14/03/2025

MAS said it will continue to engage Chocolate Finance to ensure that all customer withdrawals will be met in an “orderly fashion”.