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AML / KYC
Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed
By Nithya Subramanian | 04/06/2025
The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

Fintech / Regtech
Euroclear, Marketnode Launch Funds Platform in Singapore
By Nithya Subramanian | 03/06/2025
The platform integrates Euroclear’s FundsPlace with Marketnode’s Fundnode to create a fully integrated fund order and processing system.

Crypto / Digital Assets
MAS Tightens Grip on Crypto Firms Serving Overseas Clients
By Manesh Samtani | 02/06/2025
MAS finalises rules imposing strict licensing and compliance standards on Singapore-based digital token service providers serving overseas investors.

ESG / Sustainability
Singapore Appoints Committee to Review Corporate Governance Code
By Editors | 30/05/2025
Committee to examine board independence, diversity, and sustainability disclosures, ensuring Singapore remains a trusted global financial hub.

Enforcement
Singapore Court Jails Trader for Market Manipulation
By Nithya Subramanian | 29/05/2025
Calvin Gan traded illiquid stocks on SGX by exploiting a trading algorithm used by Merrill Lynch. He used fake orders to profit from its automated responses.

Securities / Derivatives
MAS to Shortlist Managers for Market Development Fund by Q3
By Nithya Subramanian | 29/05/2025
MAS has drawn strong interest from global and regional asset managers for its SGD 5 billion programme aimed at revitalising the local stock market.

Singapore Updates Accountancy Code to Strengthen Tax Planning Ethics
By Editors | 29/05/2025
ACRA adopts global standards for tax services, effective July 2025, with transitional provisions for existing engagements.

AML / KYC
GLEIF Launches Global Partner Programme to Boost LEI Adoption
By Editors | 28/05/2025
The initiative aims to expand the use of the LEI and vLEI through collaboration with data vendors, financial institutions and tech firms.

AML / KYC
Singapore “Scamdemic” Attributed to “Rich and Naive” Population
By Editors | 28/05/2025
Singapore has among the highest per-capita scam losses globally. In 80% of reported cases, victims transfer funds to fraudsters voluntarily.

Market Infrastructure
Shanghai to Accelerate Launch of New Futures Products
By Manesh Samtani | 26/05/2025
SHFE joined the UNSSE Initiative and will accelerate the launch of new futures products and the opening up of its nickel contract.
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