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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”.
Securities / Derivatives
SGX to Launch Brazilian Real Futures Contracts in Asia
By Nithya Subramanian | 13/03/2025
The move will enable global investors in Asia to manage risks with the Brazilian Real during their local time zone.
ESG / Sustainability
SGX: Climate Reporting Progress Positive but Gaps Remain
By Nithya Subramanian | 12/03/2025
While nearly all SGX-listed issuers have begun climate reporting, only 28% provided all 11 recommended disclosures under the TCFD framework.
Securities / Derivatives
SGX Adds 3 More Hong Kong Stocks to SDR Portfolio
By Nithya Subramanian | 12/03/2025
SGX has added three more HK-listed companies to its SDR lineup. More SDRs linked to Thai and Hong Kong companies will be introduced by mid 2025.
Crypto / Digital Assets
SGX to List Bitcoin Perpetual Futures in H2 2025
By Nithya Subramanian | 11/03/2025
The new contracts, which are pending regulatory approval, will be available only to institutional clients and professional investors.
AML / KYC
MAS Asks Banks to Improve Commodity Financing Risk Controls
By Nithya Subramanian | 07/03/2025
MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.
Crypto / Digital Assets
MAS Grants MPI Licences to Units of Hex Trust, Matrixport
By Nithya Subramanian | 07/03/2025
Both Hex Trust and Matrixport received approval for their Singapore operations after receiving in-principle approvals last year.
Enforcement
Singapore Considers Punishing Scam Offences With Caning
By Nithya Subramanian | 04/03/2025
The government will expand its efforts against money mule activities in 2025 and consider prescribing caning as a punishment for certain scam-related offences.
AML / KYC
Singapore Concludes Review of Incident Involving Exposed NRIC Numbers
By Nithya Subramanian | 04/03/2025
A review panel found shortcomings by ACRA and MDDI and offered recommendations to prevent similar incidents from recurring.
Enforcement
Singapore Charges Three for False Representation in Chip Smuggling Case
By Nithya Subramanian | 04/03/2025
The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.
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