Singapore

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.

Trading & Investment

MAS Forms Industry Group to Develop Asset Management Sector

By Editors | 28/04/2021

The Singapore Funds Industry Group will bring together key players to formulate strategies to develop the asset management ecosystem.

Reporting & Disclosures

IMAS Launches ESG E-Learning Module for Asset Managers

By Editors | 27/04/2021

The module covers the EnRM Guidelines issued by MAS in December, supplemented with case studies to facilitate application by the industry.

Tokenisation

DBS Goes Live on Trade Finance Network Contour

By Editors | 27/04/2021

Digital LC capabilities will be offered in Australia, China, Hong Kong and Singapore via Contour from this month.