Singapore

Conduct, Culture & Accountability

Singapore’s Insurers Gets New Culture and Conduct Guidance

By Ranamita Chakraborty | 23/03/2022

Two new papers have been published to help Singapore’s insurance industry in elevating their culture and conduct standards.

CBDCs

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

By Sanday Chongo Kabange | 23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Anti-Money Laundering

SG Police Charge Two for Disclosing Singpass Login Details

By Editors | 23/03/2022

The Singpass login details were used by scam syndicates to open new bank accounts to launder the proceeds of crime.

Fraud, Scams & Cybercrime

MAS Bars Former DBS Wealth Planner for Cheating Clients

By Editors | 20/03/2022

The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.

ESG Data

MAS, CDP Partner to Enhance Access to Quality ESG Data

By Editors | 20/03/2022

MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.

Trading & Investment

SGX Selects Tata Consultancy Services to Power GIFT Connect

By Editors | 17/03/2022

The GIFT Connect system will permit SGX members to place orders on NSE IFSC using FIX/proprietary APIs or the TCS BaNCS dealing terminal.

Reporting & Disclosures

SGX RegCo Announces Sustainability Training Courses for Directors

By Editors | 17/03/2022

Board directors of SGX listed equity issuers are required to undergo mandatory sustainability training and provide confirmation in sustainability reports.

PEPs & Sanctions

MAS Issues Guidance on Russia Sanctions Compliance

By Manesh Samtani | 17/03/2022

Crypto exchange operators have all been instructed to provide details of their Russia-linked clients to the regulator.

Cryptocurrency

DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG

By Editors | 17/03/2022

Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.