Singapore

    Anti-Money Laundering

    US DOJ Links Singapore, Hong Kong to Tax Evasion Case

    By Editors | 30/09/2021

    An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

    Sustainable Finance

    Singapore Seeks to Become Global Hub for Carbon Trading

    By Editors | 29/09/2021

    To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.

    KYC & CDD

    MAS Publishes Compliance Toolkit for Trust Companies

    By Editors | 28/09/2021

    The toolkit provides guidance on applications to be submitted to MAS for approval, as well as notifications and reporting requirements.

    Payments & Settlements

    Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022

    By Pongnut Thanaboonchai | 27/09/2021

    Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.

    Tokenisation

    SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021

    By Editors | 27/09/2021

    Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.

    Reporting & Disclosures

    ASEAN Exchanges to Identify Common ESG Metrics

    By Pongnut Thanaboonchai | 26/09/2021

    Seven ASEAN exchanges have formed a new ESG working group to start work towards a ‘common sustainability programme’.

    Sustainable Finance

    Singapore: ASFI, WWF Launch Sustainable Finance Academy

    By Editors | 21/09/2021

    ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS’ guidelines on environmental risk management.

    Trading & Investment

    MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market

    By Editors | 16/09/2021

    MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.

    Fraud, Scams & Cybercrime

    Singapore Authorities Warn of SMS Diversion Attacks

    By Editors | 15/09/2021

    Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.

    Trading & Investment

    Thailand, Singapore to Introduce Depository Receipt Linkage

    By Manesh Samtani | 15/09/2021

    Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.

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