Singapore

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.

Securities / Derivatives

SFC, HKEX Directed to Explore SPAC Listings in Hong Kong

By Editors | 02/03/2021

Financial Secretary Paul Chan has directed the SFC and HKEX to study the feasibility of listing SPACs in Hong Kong.

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.

Enforcement

MAS Bans Former Insurance Broker for Dishonest Conduct

By Editors | 25/02/2021

The former insurance broker was banned for unauthorised selling of general insurance when he was only licensed to sell life policies.

AML / KYC

Singapore Police Set to Charge Suspect in Covid-19 Scam

By Editors | 24/02/2021

Last March, the suspect used the identity of a legitimate company to advertise and sell surgical masks and hand sanitisers that were never delivered.

Market Infrastructure

LCH Extends Central Clearing for SORA Derivatives to 21 Years

By Manesh Samtani | 22/02/2021

MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.

ESG / Sustainability

SGX to Seek Out Acquisition Targets to Drive Growth

By Ranamita Chakraborty | 22/02/2021

SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.