Singapore

AML / KYC

Singapore Police Arrest Man Over China Official Impersonation Scam

By Editors | 11/03/2021

The man received over S$209,000 from a woman who was told she was under investigation and needed to resolve the case.

ESG / Sustainability

MAS to Place $2bn With Green Asset Managers ‘Soon’

By Manesh Samtani | 09/03/2021

Ravi Menon said MAS has identified the asset managers who will participate in the Green Investments Programme announced in November 2019.

Big Picture

PwC Offers ESG Risk Management Recommendations for Banks

By Manesh Samtani | 09/03/2021

Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.

ESG / Sustainability

SGX Acquires Stake in Rubber Trading Platform HeveaConnect

By Ranamita Chakraborty | 08/03/2021

The investment will bolster HeveaConnect’s capability as a price discovery platform for sustainable natural rubber, in line with SGX’s recent focus on sustainability.

AML / KYC

Singapore Banks Asked to Monitor Myanmar Fund Flows

By Manesh Samtani | 05/03/2021

MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.

AML / KYC

Singapore Cuts Down Time to Freeze Bank Accounts

By Ranamita Chakraborty | 04/03/2021

Singapore Police have collaborated with over 20 FIs to reduce the time it takes to freeze bank accounts with suspected links to scammers.

Enforcement

MAS Bans Four Individuals Following False Trading Convictions

By Editors | 04/03/2021

Three former remisiers and one former insurance agent were banned following convictions connected to false trading in Catalist-listed Koyo International.

MAS, ABS Offer Guidance on Managing Remote Working Risks

By Manesh Samtani | 02/03/2021

The paper looks at possible risks to FIs in the areas of operations, technology, information security, fraud, staff misconduct, among others.

ESG / Sustainability

SGX, OneConnect Partner to Develop ESG Reporting Platform

By Editors | 26/02/2021

The platform will help SGX listed companies to efficiently manage their sustainability disclosures, make them more transparent, and improve overall ESG performance in the long run.