Singapore

Fraud, Scams & Cybercrime

Singapore Court Jails Former CFO for Loan Fraud

By Ranamita Chakraborty | 05/05/2021

The former CFO of Coastal Oil Singapore conspired with three colleagues to deceive 8 banks into disbursing over $300mn in loans.

Cloud & Infrastructure

Regulatory Reporting Lessons from Singapore and Australia

By Editors | 04/05/2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

Fraud, Scams & Cybercrime

SG Police Lays 23 Forgery Charges Against Hin Leong Founder

By Editors | 03/05/2021

Lim Oon Kuin now faces a total of 25 charges – 14 counts of abetment of forgery for the purpose of cheating, and 11 counts of abetment of forgery simpliciter.

Anti-Money Laundering

Data Analytics Becoming Embedded at Singapore FIs

By Manesh Samtani | 02/05/2021

The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.

Cloud & Infrastructure

MAS Launches RegTech Grant Scheme, Enhances DAG Scheme

By Editors | 01/05/2021

The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.

Fraud, Scams & Cybercrime

SG Police Issue Forgery Charges in Nickel Trading Fraud Case

By Editors | 30/04/2021

With the latest charges, Ng Yu Zhi now faces a total of 11 counts of cheating, fraudulent trading and forgery. He will return to court on 17 May.

CBDCs

MAS to Explore Options for Connecting m-CBDC Platforms

By Sanday Chongo Kabange | 30/04/2021

MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.

Payments & Settlements

Singapore, Thailand Launch Real-time Payment Link

By Manesh Samtani | 29/04/2021

The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.

Payments & Settlements

DBS, JP Morgan, Temasek Team Up on Cross-border Payments

By Manesh Samtani | 28/04/2021

An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.