Singapore

AML / KYC

MAS to Review Liability Framework for Card Scams by Year-end

By Ranamita Chakraborty | 27/07/2021

The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.

AML / KYC

Singapore: “Several” DPT Licences in Final Stages of Review

By Editors | 27/07/2021

Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.

Securities / Derivatives

SGX Expands Into FX OTC Space with Another Acquisition

By Editors | 26/07/2021

SGX is acquiring FX trading platform MaxxTrader, paving the way for it to build an integrated and scalable FX OTC marketplace anchored in Singapore.

Fintech / Regtech

MAS, SFA Launch 2021 SFF Global FinTech Awards

By Ranamita Chakraborty | 22/07/2021

The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.

Enforcement

Singapore: Three Individuals Charged for Insider Trading

By Editors | 22/07/2021

The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.

Market Infrastructure

Singapore Reviewing Carbon Price Trajectory, says MAS Chief

By Ranamita Chakraborty | 21/07/2021

The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.

Enforcement

Singapore Man Admits to Laundering Money in SkillsFuture Scam

By Ranamita Chakraborty | 20/07/2021

A former Grab and Uber driver has admitted to playing the role of a “dummy director” of several shell companies involved in the SkillsFuture scam.

ESG / Sustainability

SGX Pledges to Reduce Emissions, Support Steel Decarbonisation

By Ranamita Chakraborty | 16/07/2021

As part of efforts to help the commodities ecosystem progress to a more sustainable future, SGX plans to introduce greener contracts in scrap and battery metals next year.

MAS to Refine Financial Advisory Remuneration Rules

By Manesh Samtani | 15/07/2021

MAS proposes to refine the tier structure requirements and clarify the types of remuneration that can be paid as overriding benefits.