Singapore

Fintech / Regtech

EU and Singapore Strengthen Cooperation on AI Safety

By Nithya Subramanian | 21/11/2024

The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.

Capital / Liquidity

MAS Issues Response on Enhancing Deposit Insurance Scheme

By Nithya Subramanian | 20/11/2024

MAS released a second set of responses to proposals aimed at improving the operational efficiency of the deposit insurance scheme.

AML / KYC

Singapore: $1.4b from Overseas Suspects Surrendered to State

By Nithya Subramanian | 20/11/2024

Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.

Enforcement

Singapore Court Sentences Hin Leong Founder to 17.5 Years Jail

By Nithya Subramanian | 19/11/2024

OK Lim was sentenced for defrauding HSBC and instigating forgery. The court said his actions severely damaged Singapore’s reputation.

Enforcement

Singapore Police Investigate 288 Suspects in Scams Totaling S$6.54m

By Nithya Subramanian | 18/11/2024

The Singapore Police Force conducted a two-week operation uncovering 1,208 scam cases, including job, e-commerce, and investment scams.

ESG / Sustainability

EU-China CGT Expanded to Include Singapore-Asia Taxonomy

By Nithya Subramanian | 15/11/2024

The Multi-Jurisdiction Common Ground Taxonomy establishes a comparative framework of the sustainable finance taxonomies of China, the EU and Singapore.

Fintech / Regtech

APAC Regulatory Environment for GenAI Needs to Remain Flexible

By Eugene Goyne | 15/11/2024

As the use cases for GenAI in the financial sector grow, regulators will play a critical role in how GenAI applications are shaped and brought to market.

ESG / Sustainability

MAS Releases Interim Report from Transition Credits Coalition

By Nithya Subramanian | 15/11/2024

The report describes the issues involved in developing and applying transition credits, and sets out a framework to scale these credits for coal phaseouts.

MAS and Industry Partner to Launch Online Philanthropy Platform

By Nithya Subramanian | 15/11/2024

The online platform will provide tools and resources to enable finance professionals to enhance their philanthropy advisory services.