SINGAPORE

ESG / Sustainability

Singapore Financial Industry Bodies Sign MOU on Skills Development

By Editors | 21/08/2024

Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.

Enforcement

MAS Imposes 9-Year Ban on Former OCBC Rep for Misconduct

By Nithya Subramanian | 20/08/2024

The former representative defrauded five OCBC customers by persuading them to sign up for fictitious time deposit accounts.

Enforcement

MAS Issues Prohibition Order Against Ex-HSBC Banker for Disclosure Failure

By Nithya Subramanian | 20/08/2024

The former relationship manager failed to disclose to HSBC that he had been the subject of police investigations and criminal proceedings.

AML / KYC

Singapore, Malaysia Dismantle Money Laundering Syndicate

By Nithya Subramanian | 20/08/2024

Malaysian police arrested 12 individuals for suspected money laundering using Singapore bank accounts. One of the individuals was charged in Singapore this week.

Fintech / Regtech

Getting Your Ducks in a Row for APAC Rules Rewrites

By Priya Kundamal | 19/08/2024

DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

Securities / Derivatives

MAS Consults on Changes to Financial Statement Requirements for CIS

By Nithya Subramanian | 16/08/2024

MAS has proposed allowing authorised schemes to adopt SFRS (I) instead of RAP 7, while retaining certain critical disclosures within the CIS Code.

AML / KYC

Singapore Charges Ex-Bankers in Money Laundering Case

By Nithya Subramanian | 15/08/2024

Former Citibank and Julius Baer relationship managers are accused of forging documents, money laundering and obstructing justice.

ESG / Sustainability

SFIA Collaborates with STACS ESGpedia on Regional ESG Reporting

By Ranamita Chakraborty | 15/08/2024

SFIA appointed STACS ESGpedia as the official technology partner for the SAFE initiative, enhancing tools for corporates in ESG reporting.

Fintech / Regtech

MAS Partners with Banks and Tech Firms on Quantum Security

By Nithya Subramanian | 15/08/2024

MAS and participating banks will experiment with “Quantum Key Distribution” solutions to address the cybersecurity threats posed by quantum computing.