Singapore

Trading & Investment

Singapore’s iFAST to Launch China Private Fund Manager Business

By Editors | 28/09/2020

iFAST Corporation expects to start selling private funds to qualified onshore individual and institutional investors in China in early 2021.

Fraud, Scams & Cybercrime

Singapore Police Lay Second Charge Against Hin Leong Founder

By Editors | 28/09/2020

The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.

Payments & Settlements

PayNow Banks Raise Default Limit for Ad-hoc Transactions

By Editors | 28/09/2020

Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.

Trading & Investment

SGX, NSE Formalise Agreement to Operationalise ‘Connect’

By Manesh Samtani | 22/09/2020

The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.

Anti-Money Laundering

MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files

By Editors | 21/09/2020

The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.

Trading & Investment

Barclays to Build Out FX Trading Infrastructure in Singapore

By Editors | 19/09/2020

Barclays will launch an FX trading and pricing engine in Singapore by mid-2021, adding to existing platforms in New York, London and Tokyo.

Trading & Investment

SGX to List World’s Largest Chinese Pure Government Bond ETF

By Editors | 17/09/2020

CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.

Market Abuse

Singapore Convicts Three Individuals for Unauthorised Trading

By Editors | 16/09/2020

The former trading representatives acted on the instructions of a fourth individual to use accounts belonging to family, friends and clients to buy and sell Skyone shares.

Reporting & Disclosures

Singapore Fund Industry to Collaborate to Address Skills Gap

By Sanday Chongo Kabange | 16/09/2020

The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.