SINGAPORE

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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”.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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