Singapore

Payments & Settlements

OCBC to Enable WeChat Pay QR Payments in China in 2026

By Nithya Subramanian | 02/12/2025

The move results from an expanded partnership with UnionPay International, formalised on 28 November 2025 in Shanghai.

Structural Regulation

MAS Updates CIS Code, Confirms New Financial Reporting Rules

By Nithya Subramanian | 01/12/2025

The MAS has confirmed that all existing authorised schemes, including REITs, must transition to SFRS(I) reporting to strengthen governance and disclosure standards.

Fraud, Scams & Cybercrime

MAS, ABS Reject Calls to Loosen Anti-scam Cooling-off Rule

By Nithya Subramanian | 01/12/2025

MAS and ABS say scam risks remain too high to exempt own-account transfers from the 24-hour cooling-off rule, despite customer complaints.

Liquidity Risk

MAS Raises US Dollar Liquidity Concerns With Banks

By Blake Evans-Pritchard | 28/11/2025

Regulatory pressure and stresses in the market are prompting Singapore banks to reassess their US dollar liquidity positions.

Anti-Money Laundering

EY Launches Risk Lab to Help FIs Tackle Surging Compliance Demands

By Manesh Samtani | 28/11/2025

The new lab will co-create technology solutions with clients, focusing on non-financial risks like financial crime amid tightening regional regulations.

Cloud & Infrastructure

New BIS Paper Sets Out Key Factors for Successful Suptech Deployment

By Sanday Chongo Kabange | 28/11/2025

A new BIS study finds that combining digital, data, and suptech strategies is the most effective way for regulators to deploy new tools.

Fraud, Scams & Cybercrime

Singapore Orders Apple, Google to Block Spoofing on Messaging Apps

By Nithya Subramanian | 27/11/2025

The SPF has directed the two companies to deploy anti-spoofing safeguards on iMessage and Google Messages by 30 November to curb rising impersonation scams.

Anti-Money Laundering

Singapore Court Allows $2.7bn 1MDB Suit Against StanChart to Proceed

By Nithya Subramanian | 27/11/2025

Liquidators can move forward with a major claim accusing Standard Chartered of enabling illicit transfers tied to the 1MDB scandal.

Anti-Money Laundering

Singapore Widens Probe into Prince Group, Raids Car Leasing Firm

By Nithya Subramanian | 26/11/2025

Authorities have expanded a money-laundering investigation linked to Cambodian tycoon Chen Zhi, targeting a local car-leasing firm in new raids and arrests.