Singapore

AML / KYC

Singapore Concludes Review of Incident Involving Exposed NRIC Numbers

By Nithya Subramanian | 04/03/2025

A review panel found shortcomings by ACRA and MDDI and offered recommendations to prevent similar incidents from recurring.

Enforcement

Singapore Charges Three for False Representation in Chip Smuggling Case

By Nithya Subramanian | 04/03/2025

The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.

SGX-listed Firms Fall Short on Whistleblowing Policies, Study Finds

By Thisanka Siripala | 03/03/2025

The study, conducted by the National University of Singapore, developed a 20-item whistleblowing scorecard to assess adherence to listing requirements.

Crypto / Digital Assets

Singapore Witnesses Record Number of Scam Cases in 2024

By Nithya Subramanian | 27/02/2025

Crypto-related scams accounted for a quarter of total losses, police believe. Investment scams ranked highest in terms of financial losses.

Enforcement

MAS Imposes Fines on Five Individuals for False Trading

By Nithya Subramanian | 27/02/2025

Joint investigations by MAS and the police found that the group was artificially inflating the share price of Epicentre Holdings in 2019.

Market Infrastructure

Singapore Banks Have Completed the Transition to SORA

By Nithya Subramanian | 26/02/2025

The transition, which concluded in December 2024, enhances trust and confidence in SGD interest rates and strengthens market resilience.

Fund Managers Facings Singapore Approval Delays: Report

By Nithya Subramanian | 25/02/2025

A surge in applications has extended wait times for fund manager approvals in Singapore to nearly eight months, surpassing the regulator’s six-month target.

Market Infrastructure

Singapore Unveils Measures to Strengthen Equities Market

By Nithya Subramanian | 24/02/2025

The measures include establishing a S$5 billion market development fund, modifying the Global Investor Programme, and transitioning to a disclosure-based regulatory framework.

Crypto / Digital Assets

StraitsX Partners with StanChart on Stablecoin Reserve Management

By Nithya Subramanian | 24/02/2025

StraitsX said its stablecoins are “fully-backed” and issued in compliance with the MAS’ upcoming stablecoin regulatory framework.